2.74% 7-Month CD & 3.05% 15-Month CD at The Bank of the Pacific in WA & OR


Update 4/25/09: The rates of these CD specials have fallen. Please check the bank's website for the latest rates.

The Bank of the Pacific has a CD special with two competitive rates: 2.74% APY for 7 months and 3.05% APY for 15 months. Minimum deposit is $500. These CD rates are listed at the bottom of the bank's home page as of 4/02/09. According to the small print, rate is current through 04/30/09. The bank's rate table also shows these rates along with rates 10 basis points higher for minimum deposit of $100,000.

The bank also offers a reward checking account with a top rate of 4.01% APY as of 4/02/09 (see post).

It appears that a branch visit is required to open an account. Branches are located in several Washington State cities including Aberdeen, Cathlamet, Long Beach and Bellingham, and in the Oregon city of Gearhart.

The Bank of the Pacific has a 3.5-star rating (good) for safety and soundness at BauerFinancial based on 12/31/08 financial data. The bank has been FDIC insured since 1979 (FDIC Certificate # 23041).

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.
3.51% Reward Checking Account at The Bank of the Pacific in Washington State
Update 10/15/09: The top yield has fallen to 3.51% APY. Refer to the bottom of the post for the rate history.

The Bank of the Pacific is offering a reward checking account that pays 3.51% APY on balances up to $25,000 (1.01% for above) and refunds all ATM fees if the following monthly requirements are met:
  • 12 debit card purchases
  • one direct deposit or ACH debit
  • receive electronic statements
If these are not met, the rate falls to 0.10%. The minimum initial deposit is $100. There are no monthly service charges.

There's an online application available...

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