Bank of the Ozarks Has 15-month CD Special (NYC only)

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Availability: New York City branch only

Last month, Bank of the Ozarks was advertising a limited-time 13-month CD Special in the Dallas-Fort Worth area. This month, the Bank's New York City branch is offering a 15-month CD Special (1.36% APY). The minimum opening deposit is $1K of new money, with no balance cap. According to CSR, the Early Withdrawal Penalty is 182 days interest.

The 15-month CD Special is only available at the New York City branch location. Since this 15-month CD Special does not appear on Bank of the Ozarks’ website, I called the Bank’s 800 number for more information. I was a bit surprised when I was informed that, because rates and products vary based on location, I would have to talk to the branch directly.

The NYC branch CSR confirmed the information I had, but wasn’t able provide an end-date for this limited-time special. (In the past, Bank of the Ozarks’ limit-time offers have lasted a couple months). When I asked about availability, I was a bit surprised when CSR stated that only residents of Manhattan were eligible. Thinking I might have misunderstood, I asked, "If I live in Queens, can I open the CD Special?" Again, the answer was "No. Only Manhattan residents."

Thanks to DA reader, alan1, for his Forum post about this CD Special.

Availability

As stated above, this advertised 15-month CD Special is available only at the New York City branch (located in the iconic Rockefeller Plaza) and only for residents of Manhattan.

Bank of the Ozarks does have account maintenance online banking features, but opening this CD Special requires an in-person visit.

Bank Overview

Bank of the Ozarks (FDIC Certificate # 110) has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 3.39% (excellent) based on March 31, 2016 data. In the past year, Bank of the Ozarks has increased its total deposits by $2.91 billion, an excellent growth rate of 43.35%. Please refer to our financial overview of Bank of the Ozarks for more details.

Bank of the Ozarks began in 1903 as a small community bank in Jasper, Arkansas, and maintained a financially solid, albeit low-level, profile for the next 90 years. In 1994, with a total of five banking offices in rural Arkansas markets, Bank of the Ozarks launched an aggressive growth strategy to expand the number of banking offices and product/service offerings. Today, Bank of the Ozarks has assets in excess of $11.4 billion, with 165 full-service locations throughout Alabama (3), Arkansas (80), Florida (10), Georgia (26), New York (1), North Carolina (23), South Carolina (2), and Texas (20).

How the CD Compares

When compared to the 252 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to New York City residents, Bank of the Ozarks’ 15-month CD Special APY currently ranks in the top five. The following is a sampling of those five CDs.

The above rates are accurate as of 6/17/2016.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our new Rates Map page.

Comments
Bank of the Ozarks Offers 13-Month CD Special
Availability: Nine Dallas-Fort Worth Metroplex area branches

Yesterday’s Dallas Morning News featured an advertisement for Bank of the Ozarks’ limited-time 13-month CD Special (1.36% APY). The minimum opening deposit is $1K of new money, with no balance cap. According to a very pleasant and helpful CSR, the Early Withdrawal Penalty is 182 days interest.

The 13-month CD Special is only available at the nine Dallas-Fort Worth Metroplex branch locations and does not appear on Bank of the Ozarks’ website. The CSR was not able to give me a...

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Bank of the Ozarks Has 15-Month CD Special - DFW Branches Only
Availability: Nine Dallas-Fort Worth Metroplex branches

Bank of the Ozarks is advertising a limited-time offer 15-month CD Special (1.31% APY) in the Dallas Morning News.

The minimum opening deposit is $1K of new money, with no balance cap. According to a very helpful CSR, the Early Withdrawal Penalty is six months interest.

This 15-month CD Special is only available at the nine Dallas-Fort Worth Metroplex branch locations and does not appear on Bank of the Ozark’s website. CSR was not able to give me a definite end-date...

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Bank of the Ozarks High Rate 13-Month CD Special - Locally Available Only

On Sunday, Bank of the Ozarks advertised a "Limited Time Offer" 13-month CD Special (1.20% APY) in the Dallas Morning News.

This 13-month CD Special is only available at the nine Dallas-Fort Worth Metroplex branch locations and does not appear on Bank of the Ozark’s website.

The details of this 13-month CD Special are as follows:

  • New money only
  • $25K minimum opening deposit
  • Bank of the Ozarks checking account required to earn 1.20% APY
  • With no Bank of the Ozarks checking account, APY is 1.10%
  • According to CSR, the Early Withdrawal Penalty...
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9-Month CD and Money Market Promotion at Bank of the Ozarks in Dallas - Local Only

Bank of the Ozarks is advertising two bank account specials: a 1.41% APY 9-month CD and a 1.21% APY money market account. The minimum for the CD is $5K, and money market minimum balance is $10K. These limited-time promotions don't appear to be listed at the bank's website. They were advertised in yesterday's (8/22/10) Dallas Morning News. The ad is available online here.

According to the ad, these offers are available only to those in the Dallas-Forth Worth metro area. The ad lists the Frisco branches, the Lewisville branch and the...

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High-Yield Savings Account (5% for first $1K) at OMNIBANK in Texas - Local Only

Update 8/27/10: The rate for balances over $1K has fallen to 1.15% APY.

OMNIBANK, N.A. has a savings account called the Family Savings with some competitive rates. I saw it advertised yesterday with a 5% APY which made me suspicious. As I expected the 5% APY is only for balances up to $1,000. However, I was pleasantly surprised to see a very competitive rate of 1.90% APY for balances over $1,000. These rates are listed at the bank's rate sheet as of 11/27/09. Note, there are different rate sheets for different...

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