|1.76%||$500||-||Crossroads Bank||36 Month CD|
|1.40%||$500||-||Crossroads Bank||24 Month CD|
|1.15%||$500||-||Crossroads Bank||12 Month CD|
|1.15%||$500||-||Crossroads Bank||18 Month CD|
Crossroads Bank has several top rates on its deposit products. Some of its best CD and IRA CD rates include a 2.01% APY 18-month CD and a 2.77% APY 36-month CD. Minimum deposit is $500. These rates are listed in the bank's rates page as of 6/03/2010.
The bank has long offered a competitive reward checking account. It's current rate is 4.10% APY on balances up to $30K. The second tier rate is also above average at 1.75% APY. The downside is an above-average debit card usage requirement of 20 purchases per month. I first reported on this reward checking account in 2008 when the top rate was 6.10% APY.
A branch visit appears to be required to open an account. Branches are located in Effingham which is located in the southwest part of Illinois.
The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial, 4 stars (sound) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our Crossroads Bank rates and reviews page). BauerFinancial and Bankrate ratings are still based on 12/31/09 data. DepositAccount ratings are not based on 3/31/10 data. The bank has been a FDIC member since 1974 (FDIC Certificate # 21486).
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