West End Bank started the week by adding a 22-month CD Special (2.20% APY). The minimum deposit is $1k, with a balance cap of $250k.
|2.20%||$1k||$250k||West End Bank, S.B.||22 Month CD Special|
|2.20%||$50||$250k||West End Bank, S.B.||22 Month IRA Special (Traditional, Roth)|
In addition to the great rate, the 22-month CD Special also has a generous add-on option.
Additional deposits can be made at any time during the term of the CD up to the maximum.
The CD Special is offered as an IRA (Traditional and Roth) earning the same APY, but with only a $50 minimum opening deposit. The IRA Special also offers the add-on feature.
CSR stated in a Live Chat that the Early Withdrawal Penalty is a $25 flat fee and 12 months interest.
Headquartered in Richmond, Indiana, West End Bank’s market area includes Wayne and Union Counties in east central Indiana.
Opening a CD Special (or any other account) must be done at any of four Indiana branches located in Hagerstown, Liberty, and Richmond (2).
West End Bank’s online banking platform are currently devoted to account management and bill payment services.
West End Bank has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 10.31% (excellent), based on June 30, 2017 data. In the past year, the Bank has increased its total non-brokered deposits by $5.98 million, an excellent annual growth rate of 2.72% . Please refer to our financial overview of West End Bank (FDIC Certificate # 28807) for more details.
West End Bank is a community bank that has been serving the residents of east central Indiana since 1894. Originally known as the West End Building & Loan Association, the Bank had three name changes between 1986 and 2005, with “West End” always part of the name. West End Bank is currently Indiana’s 52nd largest bank, with assets in excess of $294 million.
How the CD Special Compares
When compared to the 273 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available with the Bank’s market area, West End Bank’s 22-Month CD Special APY currently ranks first. The addition deposits option is just icing on the cake.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|2.20% APY||22-Month CD Special||West End Bank|
|2.02% APY||25-Month CD||USALLIANCE Financial|
|1.91% APY||24-Month Special CD||Veridian Credit Union|
The above rates are accurate as of 9/27/2017.