Park Sterling Bank is offering some competitive rates on its mid-term CDs and IRA CDs. The best rates include a 1.50% APY 1-year CD, a 2.00% APY 2-year CD and a 2.50% APY 3-year CD. Minimum deposit is $1,000. These rates are listed in the bank's rates page as of 11/17/2010.
As a comparison to internet banks on 11/17/2010, the best 1-year CD rate is 1.50% APY at CNB Bank Direct and the best 3-year CD rate is 2.25% APY at iGObanking.com.
It appears that a branch visit is required to open an account. Branches are located in the North Carolina cities of Wilmington and Charlotte.
The bank has an overall health score at DepositAccounts.com of 3 out of 5 with a Texas Ratio of 12.70% (excellent) based on June 2010 data. Please refer to our financial overview of Park Sterling Bank for more details. The bank has been a FDIC member since 2006 (FDIC Certificate # 58408).
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