2.02% 6-Month CD & 2.07% 9-Month CD at North Cascades National Bank in Washington State - Local Only

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North Cascades National Bank has some competitive short-term CD rates. The most competitive include a 2.02% APY for 3- and 6-month terms and a 2.07% APY for a 9-month term. Minimum deposit is $50,000. Slightly lower rates are available for a $10,000 and $500 minimums. They also have IRA CDs with slightly lower rates, but they only list terms of 12 months, 18 months and 36 months. The full list of rates are shown below. These are based on what's listed in the bank's interest rates page as of 9/29/09.

Certificate of Deposit Yields as of the morning of 9/29/09:

Term APY $10K Min APY $50K Min
3 month 1.92% 2.02%
6 month 1.92% 2.02%
9 month 2.02% 2.07%
12 month 1.97% 2.02%
18 month 2.07% 2.17%
24 month 2.22% 2.27%
36 month 2.78% 2.99%
60 month 3.20% 3.35%

My last post on this bank was in February 2008 when its 12-month rates were over 4%.

Based on my contact with the bank in 2008, a branch visit is required to open an account. Branches are located in several Washington State cities including Bridgeport, Brewster, Chelan and Coulee.

The bank's ratings for safety and soundness are a little mixed: 3½ stars (good) at BauerFinancial (based on 6/30/09 data) and 2 stars (below peer group) at Bankrate.com (based on 3/31/09 data). The bank has been a FDIC member since 1986 (Certificate # 26846).

Other Competitive Certificate of Deposit Rates
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4.44% 60-Month / 4.18% 36-Month CD at a Washington State Bank (North Cascades National Bank)
Update 3/22/08: The 60-month CD yield has fallen to 4.44% APY and the 36-month CD yield has fallen to 4.18% APY for a $10K minimum deposit. The title has been modified to reflect these changes. Please see bank's website for the latest rates.

North Cascades National Bank has some competitive CD rates. These include a 4.65% APY 60-month CD with a $10,000 minimum deposit. The Jumbo CD with a $100K minimum has a yield of 4.70% APY. The 12, 24 and 36-month CD rates are also competitive. Below is...

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