Top 7-Year CD Rates at MidFirst Bank in Arizona & Oklahoma

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APYMINMAXINSTITUTIONPRODUCTDETAILS
1.75%$5k$500kMidFirst Bank84 Month 6 month lock Callable CD
1.75%$1k$500kMidFirst Bank84 Month Fixed Rate CD
Accounts mentioned in this post. Rates as of July 24, 2016.

MidFirst Bank made a big increase in its 7-year CD and IRA CD rates. The Fixed 7-year CD APY increased from 2.00% to 2.50%. MidFirst also has callable CDs, and the 7-year callable CD with a 6-month lock now has a 2.75% APY. The shorter-term CDs are not nearly as competitive. The only one having a rate over 1.00% is the 5-year CD which has a 1.55% APY. Minimum deposit is $1,000. These rates are listed in the bank's CDs rates page as of 8/30/2013.

I haven’t been able to find the CD disclosure online. When I last spoke with a MidFirst CSR, I was told that the long-term CDs have an early withdrawal penalty of 2 years of interest. That’s a harsh early withdrawal penalty.

MidFirst Bank has an online application, but in the application, it states "this service is available to Oklahoma and Arizona residents only." I was told the rate doesn't lock until they receive the funds. It sounds like opening a CD is probably easier at one of their branches. MidFirst Bank branches are located in Phoenix, Arizona and in several cities of Oklahoma including Oklahoma City, Shawnee, Tulsa and Yukon.

Bank Overview

MidFirst Bank is a sizable bank with $9.68 billion in assets. The bank has an overall health score of 4 stars (out of 5) with a Texas Ratio of 11.04% (above average) based on June 2013 data. Please refer to our financial overview of MidFirst Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 4063).

Searching for the Best CD and IRA CD Rates

To search for the best nationwide rates and the best rates in your state, please refer to our CD rates tables and IRA CD rates tables.

Comments
$100 Checking Account Bonus at MidFirst Bank in OK & AZ

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  • $250 minimum monthly recurring direct deposit
  • 25 Visa Check Card transactions. Multiple swipes for the same transaction do not qualify.
  • Complete 5 valid bill payments. A valid bill payment is defined as a...
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$100 to $125 Checking Bonus at MidFirst Bank in AZ & OK - Local Only

MidFirst Bank is offering a checking account promotion with a cash bonus of either $100 or $125. The bank's branches in Arizona have a $125 bonus, and those in Oklahoma have a $100 bonus. Details are listed in the bank's promotions page. To qualify for the bonus, you must open a new consumer checking by 12/31/2011. Also, 3 out of 5 of the following requirements must be met within 75 days of account opening:

  • 250 minimum monthly recurring direct deposit
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High Rate Callable CD at MidFirst Bank in Arizona & Oklahoma

I know many don't think callable CDs are good deals, but in today's environment, can they be a reasonable choice? You may ask that question for the long-term callable CDs that MidFirst Bank is offering. The most competitive rates have 7-year terms. The rate is 3.20% APY for a 1-year lock and 3.10% APY for a 2-year lock. That means the bank guarantees that it won't call the CD early before the lock period ends. The fixed rate 7-year CD that is not callable has a 2.70% APY. The callable...

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Competitive CD Rates at MidFirst Bank in Arizona & Oklahoma

MidFirst Bank is offering some competitive CD and IRA CD rates. The highest rate is a 3.00% APY for a 7-year term. The downside to this long-term CD is a harsh early withdrawal penalty of 2 years of interest (per CSR). The other competitive rates are on CD specials and include a 1.50% APY 21-month CD and a 1.35% APY 17-month CD. The 21-month CD has an early withdrawal penalty of 6 months of interest. The standard CDs have a $500 minimum deposit, and the CD specials have a $5,000...

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Amazon Kindle or $125 Bonus at MidFirst Bank in AZ & OK - Local Only

MidFirst Bank is offering a bonus of either an Amazon Kindle or cash up to $125 for opening a qualifying checking and savings account and for performing certain account activities. The offer is scheduled to end on 3/31/2011.

The requirements to qualify for the bonus include:

  • Open your premium suite of checking and savings products - $50
  • Establish a recurring direct deposit of $250 or more - $25
  • Sign up for eStatements and complete three online payments - $25
  • Complete 25 Visa Check Card signature-based purchases - $25

Beware of Monthly Fees

Premium Suite consists of a...



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