There are also other special CD rates listed in the bank's rate table as of 3/04/09. These include a 2.73% APY 7-month CD and a 2.88% APY 13-month CD. Minimum deposit is $5,000.
It appears a branch visit is required to open accounts. Branches are located in Phoenix and its suburbs.
Meridian Bank's ratings for soundness and safety are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 9/30/08 financial data. The bank has been FDIC insured since 1978 (FDIC Certificate # 22644).