2.65% 15-Month CD at WashingtonFirst Bank in the DC Metro Area - Local Only

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WashingtonFirst Bank is offering a special 15-month CD with a 2.65% APY. Minimum deposit is $10,000. This special is listed at the bottom right of the bank's home page as of 7/07/09. According to the small print, the APY is accurate as of July 6, 2009 so hopefully it'll last for a while. There's also a competitive 18-month IRA CD listed in the bank's deposit rates page as of 7/07/09.

It appears a branch visit is required to open an account. Branches are located in Washington DC, Maryland and Virginia.

The bank has fair ratings for safety and soundness: 3 stars (performing) at Bankrate.com and 3½ stars (good) at BauerFinancial. Both ratings are based on 3/31/09 financial data. The bank has been a FDIC member since 2004 (FDIC Certificate # 57696).

Thanks to the reader who mentioned this special in the daily news and deals post.

Other High Certificate of Deposit Rates

Another good deal in the DC area mentiond by the reader is at Alliance Bank which is still offering a 2.75% APY 18-month CD as of 7/07/09. I last posted on this Alliance CD in June. Refer to the links below for other CD deals around the nation:
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2.75% 18-Month CD at Alliance Bank in Northern Virginia - Local Only
Alliance Bank is offering a special 2.75% APY 18-month CD. Minimum deposit is $2,500. The special is listed on the bank's home page and in this promotional page as of 6/08/09.

This rate had been 3.25% when I posted on it in February. The rate fell to 2.75% in April and had remained at 2.75%.

It appears that a branch visit is required to open an account. Branches are located in the Washington DC suburbs of Annandale, Ballston, Fair Lakes, Manassas park, Reston and Tysons Corner, Virginia.

The bank's ratings for safety and...





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2.60% 14-Month CD & 2.40% 9-Month CD at Millennium Bank - VA, MD & DC Only
Millennium Bank continues to offer some competitive short-term special CD rates. The rates just went down today by 10 basis points, so hopefully, these should last for a while. The specials include a 2.60% APY 14-month CD and a 2.40% APY 9-month CD. Minimum deposit is $5,000.

New accounts are only accepted for those in Virginia, Maryland and DC. For a while they had been accepting customers from any state, but some time after my November 2008 post, they changed back to only allowing VA, MD and DC residents. If you...

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3.25% 18-Month CD at Alliance Bank in Virginia
Update 4/27/09: The 18-month special CD rate has fallen to 2.75% APY. Please check the bank's website for the latest rates.

Alliance Bank is offering a special 3.25% APY 18-month CD. Minimum deposit is $2,500. The special is listed on the bank's home page and in this promotional page as of 2/25/09.

It appears that a branch visit is required to open an account. Branches are located in Virginia in the Washington DC suburbs of Annandale, Ballston, Fair Lakes, Manassas park, Reston and Tysons Corner.

The bank's ratings for safety and soundness are...





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4.25% 9-Month CD at Millennium Bank in Virginia - Nationally Available
Update 12/18/08: These CD rates have fallen again. Please check the bank's website for the latest rates.

Update 11/11/08: The 9-month CD yield has fallen to 3.75% APY, and the 3-month special CD has ended. There is now a special 3.75% APY 6-month CD.

Millennium Bank continues to offer some competitive short-term CD rates. These include a special 4.25% APY 9-month CD and a 3.60% APY 3-month CD. The minimum deposit is $5,000.

At the time of my last post for this bank, new accounts were only available to residents in the bank's...





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4.25% 9-Month CD at Millennium Bank in Virginia
Millennium Bank is offering a special 4.25% APY 9-month CD. The minimum deposit is $5,000.

According to the rate table, "New Accounts will be opened only for accounts in the following areas: Virginia, Maryland & DC."

Branches are located in the Virginia cities of Reston, Herndon, Sterling and Warrenton.

This Millennium Bank should not be confused with the offshore non-FDIC Millennium Bank that I researched in 2005. This Virginia Millennium Bank is a US bank that has been FDIC insured since 1999 (FDIC Certificate # 35096). The bank's financial ratings for soundness...





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