EXPIRED: 2.30% 16-Month CD at Hillcrest Bank - Available Nationwide


Hillcrest Bank is offering a special 2.30% APY 16-month CD. Minimum deposit is $5,000. This special is listed in the bank's CD page as of 8/19/09.

There's an online application link on the right column of the rate tables. I called the bank yesterday, and according to the CSR, people in any state can apply using this online application. I wasn't able to get many details from the CSR. She said that after you submit the online application, you'll be contacted by the bank with detailed instructions about how to complete the application process. According to the CSR, the CD rate won't lock until they receive the funds.

Branches are located in Kansas, Missouri, Colorado and Texas. You can also open this special CD at one of their branches. However, you may not get the above rate. I contacted one of the branches in Texas, and according to the service rep, a lower rate of 2.00% APY is only available in Texas. The 2.30% APY only applies to the Kansas City metro area.

Hillcrest Bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been a FDIC member since 1975 (FDIC Certificate # 22173).

Other Competitive Certificate of Deposit Rates

4.00% 24-Month CD at a MO/KS/CO Bank (Hillcrest)
Hillcrest Bank has a 4.00% APY 24-month CD special for the Kansas City metro area and for Colorado. There's also a special 3.15% APY 9-month CD special. The minimum deposit is $10,000. The bank also has branches in Dallas and Austin, Texas, but these locations have different specials. The Austin location has a 3.75% APY 6-month CD special, and the Dallas location only has a 3.15% APY 9-month CD special.

Hillcrest Bank has been FDIC insured since 1975 (FDIC Certificate # 22173).

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5.55% 9-Month CD at a Dallas Bank (Hillcrest)
Hillcrest Bank is advertising a pre-opening special for its new Dallas branch. It's a 5.55% APY 9-month certificate of deposit. The minimum deposit is $1,000. This special rate is listed at its Dallas rates page. It was also advertised in today's Dallas Morning News. The ad is available online here.

Hillcrest Bank also has branches in Kansas and Missouri. This special is only available in Dallas. The 9-month CD special listed outside of Texas is 5.40% APY. The address listed in the Dallas ad is 2811 McKinney Avenue, suite 232. Phone...

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