TAB Bank Ups Nationally Available 12-Month CD Rate

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Availability: 12-month CD (2.33% APY), 18-month CD (2.43% APY), $1k minimum deposit

Availability: Nationwide

Utah-based TAB Bank has raised its CD rates, with the 12-month CD (2.33% APY) and 18-month CD (2.43% APY) offering the best rates. Any TAB Bank CD can be opened with a $1k minimum deposit and there are no stated balance caps.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.69%$1k-TAB Bank18 Month CD
2.58%$1k-TAB Bank12 Month CD
Rates as of October 15, 2018.

TAB Bank’s across-the-board CD rate increases in February put its short-term CDs in good standing with DA’s bi-weekly CD Rates Summary. As of yesterday, the 6-month CD (1.87% APY) and 9-month CD (1.92% APY) are still being featured in the Summary.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.17%$1k-TAB Bank9 Month CD
2.12%$1k-TAB Bank6 Month CD
Rates as of October 15, 2018.

All of the CDs are also available as IRAs (Traditional, Roth), earning the same APYs with the same funding requirements.

As stated in the Truth in Savings document, the Early Withdrawal Penalty reads as follows:

  • If your account has an original maturity of 12 months or less: The fee we may impose will equal 90 days interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of greater than 12 months: The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
  • Availability

    Headquartered in Ogden, Utah, TAB Bank offers its product line nationwide, but there is no online application.

    CDs can be opened at the sole Utah branch located in Ogden, or by submitting the CD Application via fax (801.624.5326), e-mail, or even snail-mail. In addition to being available as a download, the CD application can also be requested by phone (800.837.4214).

    According to the CD FAQ page, “You may send in the application by fax or e-mail and fund the CD by mailing in a check with the application, by wire, or you can have us request the money from your financial institution.”

    Bank Overview

    TAB Bank has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 13.78% (above average), based on March 31, 2018 data. In the past year, TAB Bank increased its total non-brokered deposits by $16.98 million, an excellent annual growth rate of 6.19%. Please refer to our financial overview of TAB Bank (FDIC Certificate # 34781) for more details.

    Established in 1998 as the Transportation Alliance Bank, Inc. by parent company, Flying J Inc., TAB Bank was originally founded to provide financial services to the US and Canadian trucking industry. The Bank has subsequently expanded to offer custom working-capital solutions to businesses from a variety of industries. TAB Bank is currently Utah’s 24th largest bank, with assets in excess of $740 million.

    How the CDs Compare

    When compared to the 208 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and available nationwide, TAB Bank’s 12-month CD APY currently ranks third.

    When compared to the 159 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and available nationwide, TAB Bank’s 18-month CD APY currently ranks third.

    The above rates are accurate as of 6/6/2018.

    To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.

    Related Pages: Salt Lake City CD rates, 1-year CD rates, nationwide deals

    Comments
    TAB Bank Has Nationally Available Competitive 9-Month CD
    Availability: 6-month CD (1.61% APY), 9-month CD (1.71% APY), $1k minimum deposit

    Availability: Nationwide

    Utah-based TAB Bank raised the rates on its CDs yesterday, with the 6-month CD (1.61% APY) and 9-month CD (1.71% APY) being the most competitive. The minimum opening deposit is $1k, with no stated balance cap.

    Following the addition of 31 bps, both the 6-month and 9-month CDs are earning their highest APYs since they were added to the product line.

    All of the CDs are also available as IRAs (Traditional, Roth), earning the same...

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    TAB Bank Raises Rates On Nationally Available CDs
    Availability: Nationwide

    Last week, Utah-based TAB Bank raised the rates on its CDs, with the 12-month (1.27% APY), 24-month (1.51% APY), and 36-month (1.64% APY) being the most competitive. The minimum opening deposit is $1k, with no stated balance cap.

    All three CDs are also offered as IRAs (Traditional, Roth CESA), earning the same APYs with the same funding requirements.

    As stated in the Truth in Savings document, the Early Withdrawal Penalty reads as follows:

    Availability

    Headquartered in Ogden, Utah, TAB Bank offers its product line nationwide, although...

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    5.25% Savings Account at Transportation Alliance Bank
    Transportation Alliance Bank (TAB) just increased the rate of its Premium Savings Account to 5.25% APY. The initial deposit requirement is only $25, and there's only a $1 minimum balance requirement to earn the full interest. According to the fee schedule (pdf) there are no monthly fees.

    The Money Market Account also had a major rate bump. The rate is just a tad lower than the savings account at 5.15% APY. The advantage of the money market account is that it has check writing privileges (up to 3 a month). It...

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    Transportation Alliance Bank has some impressive rates on many of its accounts. The yield on both the savings and the money market account is 4.50% APY with a low $25 initial deposit and balance requirement. The Money Market Deposit Account offers check writing with the standard 3-check per month limit.

    In addition to top savings account rates, the bank has some top CD rates with a low minimum of $1K. The best is a 1-year certificate of deposit with an APY of 5.15%.

    Term APY
    60 Month...




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