2.50% 12-Month CD at Settlers Bank in Wisconsin - Local Only


Update 9/04/09: The 12-month CD special has ended. The bank's new special is a 2.60% APY 18-month CD.

Settlers Bank is offering a 12-month CD special with a 2.50% APY. Minimum deposit is $25,000. The special is listed on the bank's front page as of 8/25/09.

It appears that a branch visit is required to open an account. It's a small bank with one office located in DeForest, Wisconsin which is in the suburbs of Madison.

The bank was established in December 2007, and since it's so new, BauerFinancial doesn't have a rating for it. However, Bankrate.com gives the bank a 4 star rating (sound) based on 3/31/09 financial data. The bank has been a FDIC member since 2007 (FDIC Certificate # 58651).

Thanks to the reader who emailed me news of this CD special.

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