Cap Fed Celebrates Presidents' Day With Three CD Specials


Availability: Nationwide - in-person or by mail, no online application.

Unlike the majority of banks throughout the country, Capitol Federal Savings Bank (Cap Fed) will be open on Presidents’ Day (February 15, 2016). On this Federal Holiday that honors all U.S. Presidents, Cap Fed is offering three President’s Day CD Specials for only one day: 16-month CD (1.05% APY), 28-month CD (1.50% APY), 51-month CD (2.30% APY). Of the three, the 51-month CD Special is the most competitive.

The CD Specials all require a minimum deposit of $1K, with no balance cap. The fine print on the Promotional Page states:

Personal, retirement and personal trust account deposits only.
Retirement accounts limited to 2015 and/or 2016 annual IRA contributions only.
IRA rollovers, renewals, transfers and endorsements NOT eligible.

According to CSR, the Early Withdrawal Penalty for any of the three CD Specials is 180 days interest.

Many thanks to DA reader, Carpline, for posting this deal in the Forum.


Opening the Presidents’ Day CD Special can be opened with an in-person visit of any of Capitol Federal Savings Bank’s Kansas or Missouri branches, or by mail (snail mail, not e-mail). If you chose the mail option, your letter must be received on or before February 15, 2016, and it will be opened only on that date.

Note: as February 15, 2016, is a Federal holiday, there will be no mail service, so for all practical purposes, any mail requests have to be received by February 13, 2016.

Cap Fed has 47 Kansas branches located in Andover, Derby, Emporia, Gardner, Kansas City, Lawrence (4), Leawood, Lenexa, Manhattan (2), Mission, Olathe (3), Overland Park (7), Prairie Village (2), Salina, Shawnee (3), Topeka (7), and Wichita (6), and four Missouri branches located in Liberty and Kansas City (3).

Credit Union Overview

Capitol Federal Savings Bank has an overall health grade of "A" at, with an excellent Texas ratio of 2.36%, based on September 30, 2015 data. In the past year, Cap Fed has increased its total deposits by $140.1 Million, an above average annual growth rate of 2.88%. Please refer to our financial overview of Capital Federal Savings Bank for more details.

Headquartered in Topeka, Kansas, Capitol Federal Savings Bank is a leader in residential lending in Kansas and Missouri, with assets in excess of $9 Billion. Cap Fed was originally chartered in 1893 as the Savings and Loan Association of Topeka. It would be impossible to summarize Cap Fed’s 123-year history in a few sentences, but a common thread that runs through Cap Fed’s history is that of longevity, in both serving the community and retention of employees. The best example of this is Henry A. Bubb, who was hired in 1926 as an office boy, and at the time of his death in 1989, was Bank Chairman.

How the CDs Compare

When compared to 97 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available nationally, Capitol Federal Savings Bank’s 51-month CD currently ranks first.

When compared to 112 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available nationally, Capitol Federal Savings Bank’s 28-month CD Special currently ranks second.

The above rates are accurate as of 2/11/2016.

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

Anonymous   |     |   Comment #1
Nope. They only give you a single day to move money around and get it there......So forget it. Besides it's really not any better than what you can find elsewhere that is pretty much ongoing. Fail.
Anonymous   |     |   Comment #2
Oh great another one.....What's with these places that dont have ACH......This one doesn't even let you apply online???  Get with the times!!  I wonder if they have rotary phones and ride a horse to work. No thanks.
Anonymous   |     |   Comment #3
They want customers not "shoppers."  They want a relationship not "shoppers."  All are welcome...especially when in "my" backyard!  :-)
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