4.10% 18-Month CD at a North Carolina CU (NewBridge)


NewBridge Bank is advertising a 4.10% APY 18-month CD. The minimum deposit is $5,000, and it requires either Relationship Checking, President's Club Checking or primary business account. It's also available as an IRA CD. This special doesn't seem to be listed at the bank's website. It was advertised in the Saturday's Hickory Daily Record Newspaper. The ad is available online here.

From the Checking account comparison document (pdf), the Relationship Checking has a $12/month fee unless you maintain a minimum $2,500 in Statement Savings OR $10,000 combined in Package account, Statement Savings, Money Market Accounts, OR an IRA, OR an active mortgage loan or equity line. The President's Club Checking has a $25/mo fee unless you maintain $50,000 combined in checking, savings, money market, CD or IRA accounts; or a combined outstanding balance of $50,000 on an installment loan or line of credit.

NewBridge Bank also has a money market account promotion. They're guaranteeing a 3.80% APY until July 31, 2008 for balances of at least $25,000 in its money market account. This also has the same checking requirement as the CD. Another downside is that the MMA has a $10 monthly fee for balances under $25,000. This is listed at the bank's website (pdf of promotion).

Branches are located in several cities of North Carolina and in Harrisonburg, Virginia. Some of the North Carolina cities include Lexington, Winston-Salem, Greensboro and Wilmington. The bank has been FDIC insured since 1949 (FDIC Certificate 16799).