5.25% 6-Month CD at a Texas Bank - Down from 5.50% (First National Bank Southwest)

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Update 12/15/07: The 6-month CD special rate has dropped again. It's now 5.25% APY.

First National Bank Southwest lowered the yield of its 6-month CD special from 5.75% to 5.50% APY. Nevertheless, it remains very competitive. The 5.75% APY is still available for retirement accounts.

They just recently advertised this new 6-month CD rate. The ad specifically states that this offer is only available for residents of Collin, Denton and Dallas counties in Texas. The ad lists a minimum and maximum deposit of $500 and $250,000.

Another note regarding this CD special is that you may be able to receive an extra 50 basis points if you open a checking account with direct deposit. A commenter in my last post mentioned that he has received the bump after his direct deposit posted (a transfer from his Capital One Money Market Account). I wasn't able to confirm the rate bump when I called last week, so it may be something very specific to the branch.

Branches are located in the Texas cities of Plano and Frisco which are located just north of Dallas. First National Bank Southwest is part First National Bank of Omaha (the parent of FNBO Direct). First National Bank of Omaha is FDIC insured (FDIC Certificate # 5452).

Thanks to all those who commented on their experiences with this bank.
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5.75% 6-Month CD at a Texas Bank (First National Bank Southwest)
First National Bank Southwest is offering a 5.75% APY 6-month certificate of deposit. The minimum deposit is $500. This special doesn't seem to be listed at the bank's website. It was advertised in today's Dallas Morning News. The ad is available online here.

This appears to be a local deal. Branches are located in the Texas cities of Plano and Frisco which are located just north of Dallas. First National Bank Southwest is part First National Bank of Omaha (the parent of FNBO Direct). First National Bank of Omaha is FDIC...

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Update on First National Bank Southwest's 5.75% 6-Month CD
First National Bank Southwest continues to offer a special 5.75% APY 6-month certificate of deposit. I first reported about this on November 8th. It's still being advertised in the Dallas Morning News. The latest ad is available online here. The ad lists a minimum and maximum deposit of $500 and $250,000.

The ad now specifically states that this offer is only available for residents of Collin, Denton and Dallas counties in Texas. To verify this, I called the bank this morning, and the CSR confirmed this, and also said they require...

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5.60% 18-Month / 5.40% 12-Month CD at a Texas Bank (First National Bank Southwest)
First National Bank Southwest is offering a 5.60% APY 18-month certificate of deposit. The minimum deposit is $500. This is also available in an IRA. See the bank's CD rates page for more details. This was also advertised in today's Dallas Morning News. The ad is available online here. According to the ad, money new to the bank is required. In May this bank was offering a slightly higher 12-month yield of 5.50%.

Branches are located in the Texas cities of Plano and Frisco which are located just north of Dallas....

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5.50% 12-Month CD at a Texas Bank (First National Bank Southwest)
First National Bank Southwest is offering a 5.50% APY 12-month certificate of deposit. The minimum deposit is $500. This is also available in an IRA. See the bank's CD rates page for more details.

Branches are located in the Texas cities of Plano and Frisco which are located just north of Dallas. First National Bank Southwest is part First National Bank of Omaha (the parent of FNBO Direct - see post). First National Bank of Omaha is FDIC insured (FDIC Certificate # 5452).

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