2.50% 21-Month CD at Banner Bank in WA, OR & ID - Local Only

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Banner Bank is offering a 21-month CD special with a rate of 2.50% APY. Minimum deposit is $2,500. The rate is listed on the bank's promotions page as of 8/27/09.

There's an online application, however, the accounts only show up for selection if you enter a zip code that's in their market area. So it doesn't appear to be a nationwide deal. Branches are located throughout Washington State, Oregon and Idaho.

My last post on Banner Bank was in April when they had a 2.75% 15-month CD special.

Banner Bank's ratings for safety and soundness are weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been FDIC insured since 1934 (FDIC Certificate # 28489).

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2.75% 15-Month CD at Banner Bank in WA, OR & ID
Banner Bank is offering a 15-month CD special with a rate of 2.75% APY. Minimum deposit is $2,500, and the maximum is $250,000. The CD has a bump feature that allows a one time bump up in the rate during the life of the CD. The new rate would be based on a similar account type excluding special offers. This typically makes the bump-up feature not a great deal. The rate is listed on the bank's promotion page as of 4/23/09.

The small print also states that "additional deposits allowed up...

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4.00% 33-Month CD at a WA/OR/ID Bank (Banner).
Update 4/26/08: This CD special is no longer listed at the bank's website.

Banner Bank is offering a Spring CD Special with a 4.00% APY and a 33-month term. The minimum deposit is $2,500, and the maximum is $250,000.

The bank services the Northwest states with 82 branches in Washington, Oregon and Idaho. The bank has been FDIC insured since 1934 (Certificate # 28489).



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