5.60% 6-Month / 5.60% 12-Month CD Continues at an Arizona Bank (Towne Bank).

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Update 11/17/07: This special CD rate has fallen to 5.15% APY.

Towne Bank of Arizona continues to list a special rate of 5.60% APY on its 6 and 12-month certificate of deposit. The minimum deposit is $10,000.

I first reported on this CD in August.

At the bottom of the rates page it states that rates are available to residents of the bank's market area only. The bank is located in Mesa, Arizona. It's FDIC insured (FDIC Certificate # 57697).
Comments
5.60% 6-Month / 5.60% 12-Month CD at an Arizona Bank (Towne Bank)
Towne Bank of Arizona is offering a special rate of 5.60% APY on its 6 and 12-month certificate of deposit. The minimum deposit is $10,000.

It appears likely that they require a branch visit. The bank is located in Mesa, Arizona. The bank was established in 2004. It's FDIC insured (FDIC Certificate # 57697).

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