Frontier Bank is listing a competitive CD promotion. It includes a 3.90% APY 12-month CD and a 3.50% APY 6-month CD. The 3.90% APY requires a $50,000 minimum deposit. For a $25,000 minimum, the 1-year APY is 3.80%, and for a $500 minimum, it's 3.70%. The 6-month 3.50% CD requires a $500 minimum. These rates are listed in the CD special page (pdf) that's linked on the bank's front page as of 1/22/2009. They're also listed in the bank's rate page (pdf). The 1-year CD rates are available in an IRA and are listed in the CD IRA rate table as of 1/22/2009.
It appears a branch visit is required to open accounts. Branches are located throughout Washington State including the cities of Port Angeles, Vancouver, Seattle, Redmond, Bremerton, Tacoma, Mount Vernon and Everett. There are also branches in the Oregon cities of Salem and Portland.
Frontier Bank has some fair ratings for soundness: 3 stars (adequate) at BauerFinancial and 3 stars (performing) at Bankrate.com. The bank has been FDIC insured since 1978 (FDIC Certificate # 22710).
Other High Certificate of Deposit Rates
For long-term CD deals, MBank in Oregon continues to offer 5.00% APY 60-month CD (see post). Refer to my Washington State page and my Oregon State page for the latest deals from those states. For CD rates available nationwide, please refer to my weekly rate summary. Note, rates are falling fast, so make sure you check the banks' websites for the latest rates. I'm listing the latest rate changes on a daily basis on my Daily News and Deals post.