4.35% 15-Month CD at Champion Bank in Missouri - Nationally Available


Update 12/10/08: The 13-month and 15-month CD specials are no longer listed in the bank's rate table. CD deals sure don't last long these days.

Champion Bank is offering a special 4.35% APY 15-month CD. There's also a special 13-month CD with an APY of 4.25%. Minimum deposit is $1,000. These are available as regular, IRA and business accounts. The rates are listed in the bank's rate table as of 12/08/08.

Champion Bank also offers a reward checking account, but the yield has fallen quite a bit lately. The yield as of today is 3.35% APY for balances up to $25K. For more info on this checking account, please refer to this post. For those with large balances, they have the Marathon Money Market Account with an APY of 3.50% for balances over $26K as of 12/08/08.

My last post on this bank was in September when they were offering a 4.35% 11-month CD. At that time I was told that you can open accounts by mail. Here is part of the email reply that I received:
Yes, Champion Bank is able to open an account for a customer residing anywhere in the United States. Once the application has been submitted, you will be contacted,and a request will be made for two forms of identification for each signer, as well as a check for the deposit. The account will not officially be opened until the funds have been received.

The main branch is located in Creve Coeur, Missouri which is in the suburbs of St. Louis. It's a new bank that was just established in 2006. The bank is FDIC insured (Charter # 58362).