12-Month & 6-Month CD Specials at Cascade Bank in Washington State - Local Only

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Cascade Bank is offering two competitive CD specials: 1.90% APY 12-month CD and a 1.50% APY 6-month CD. Minimum deposit is $10,000. These rates are listed in the bank's deposit rates page as of 5/05/2010.

The CDs are also available in IRAs. One thing to note is that the bank has some IRA fees. A commenter mentioned the following:

IRA FEES are $10.00 "annual fee" and if/when you take the money out, a $25.00 "termination fee".

In my February post on this bank, its Main Street Checking had some competitive rates, but these have gone down quite a bit since then.

It appears that a branch visit is required to open an account. Branches are located in several cities in Washington State including Bellevue, Issaquah, Shoreline, Burlington, Everett and Marysville.

The bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial, 1 star (lowest) at Bankrate.com and 2 out of 5 overall health score at DepositAccounts.com. All ratings are based on 12/31/09 financial data. The bank has been a FDIC member since 1957 (FDIC Certificate # 28823).

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CD and Checking Account Deals at Cascade Bank in Washington State - Local Only

Update 2/19/2010: The 12-month CD rate has increased to 2.10% APY for $10K minimum. However, the 24-month CD rate has fallen to 2.00% APY

Cascade Bank is offering some good deals on CDs and checking accounts. Its two most competitive CDs are the 2.00% APY 12-month CD and a the 2.50% APY 24-month CD. Minimum deposit is $10,000. The bank's Main Street Checking is also a good deal with a 1.60% APY for balances of $100K to $250K. It's 1.90% APY for over $250K. For more typical balances of $2.5K to...

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