5.50% 18-Month / 5.65% 60-Month CD at a Washington Bank (Westsound)

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Update 5/08/09: The bank has been closed by regulators. Please refer to this post for more details.

Westsound Bank is offering several high yield long-term certificates of deposit. These include a 5.50% APY for terms of 18 and 24 months, and a 5.65% APY for a 60-month term. The minimum to open is $500.

I contacted the service rep and was told that you have to visit a branch to open a CD. Also, I was told the early withdrawal penalty is 3 months of interest for these long-term CDs. There are branches in several Washington State cities.

The bank has been FDIC insured since 1999.
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5.50% 18-Month / 5.65% 60-Month CD at a Washington State Bank (Westsound)
Update 5/08/09: The bank has been closed by regulators. Please refer to this post for more details.

Westsound Bank continues to offer high yield certificates of deposit. These include a 5.50% APY for terms of 18 and 24 months, a 5.35% APY for a 6-month term and a 5.65% APY for a 60-month term. The minimum to open is $500.

I first reported on this bank and these rates in February. At that time I was told by the bank's service rep that you have to visit a branch to open...



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5.50% 18-Month / 5.65% 60-Month CD at a WA State Bank Continues (Westsound).
Update 5/08/09: The bank has been closed by regulators. Please refer to this post for more details.

Update 9/22/07: CD rates have gone down. Please check bank's website for latest rates.

Westsound Bank continues to offer high yield certificates of deposit. These include a 5.50% APY for terms of 18 and 24 months, a 5.35% APY for a 6-month term and a 5.65% APY for a 60-month term. The minimum to open is $500.

I first reported on this bank and these rates in February. At that time I was told by...





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5.13% 24-Month CD at a Washington State Bank (Westsound).
Update 5/08/09: The bank has been closed by regulators. Please refer to this post for more details.

Westsound Bank has several high rates on its certificates of deposit. The highest yield is 5.13% APY for terms of 18 and 24 months. CDs with terms from 60 days to 1 year have a yield of 5.00% APY. CDs with terms of 3 and 5 year have a yield of 4.92% APY. Minimum to open and earn APY is $500 ($100 for IRA accounts).

I first reported on this bank last February when it...



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4.10% 24-Month CD at a Washington State Bank (Westsound).
Update 5/08/09: The bank has been closed by regulators. Please refer to this post for more details.

Update 3/15/08: The CD rates have fallen. Please check the bank's website for the latest rates.
Update 2/16/08: The CD rates have gone down. The 24-month CD yield has fallen from 4.85% to 4.10% APY. Please see the bank's website for the latest rates. The title has been changed to reflect this change.

Westsound Bank continues to have high rates on its certificates of deposit. The highest yield is 4.85% APY for terms of 18 and...




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6.00% 18-Month CD at a Washington State Bank
Westsound Bank is offering a 6.00% APY 18-month certificate of deposit. The minimum is $500.

The bank has branches in Washington State cities of Bremerton, Port Angeles, Port Orchard, Silverdale, Gig Harbor, Poulsbo and Sequim.

Thanks to the reader who mentioned this special CD.



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