Town Bank is offering a 5.61% APY 6-month certificate of deposit. The minimum deposit is $5,000, and the maximum deposit is $100,000. It requires opening a new Founder Checking Account with a minimum initial deposit of $100. Direct Deposit is also required. You'll receive a $100 Visa Gift Card when you establish direct deposit. The checking account must remain active with at least 3 transactions per statement cycle. The offer expires July 14th and applies to the first 500 customers who establish direct deposit.
This special is not listed at the bank's website. It was advertised in the July 1st Milwaukee newspaper. The ad is available online here.
The Founder Checking Account and the $5K CD will qualify you for Founder's club benefits which include the first 120 checks free, a free 3x5 safe deposit box for the first 5 years and free bill pay. Note, I don't see any mention of monthly service charges or minimum balance requirements, but since it's an interest-bearing checking account it likely does include the potential of monthly fees.
Branches are located in the Wisconsin cities of Delafield, Madison, Wales, Elm Grove and Hartland. The bank is FDIC insured (FDIC Certificate # 34717).
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