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5.00% 25-Month CD at National City Bank


Update Jan 2009: These rates are no longer available. Please refer to my National City Page for the latest deals.

National City Bank has started a new CD special with a 5.00% APY for terms of 25 to 29 months. The minimum deposit is $10,000, and the maximum is $250,000 per household. It's also available as an IRA certificate. The early withdrawal penalty is 6 months of interest. This promotion doesn't seem to be listed at National City's website. A reader left a comment on this, and I just called for additional details. The CSR said she expected this offer to last through the end of the month.

National City is still offering its 5.25% APY 48-month CD special that I described in this Friday post. One benefit of this new promotion is that it does not require a checking account.

I was told you can apply by phone. However, it's not available nationwide. I forgot to check about the full availability of this new special, but if it's like the last one, it's available in all states where they have branches. This includes Florida, Indiana, Illinois, Kentucky, Michigan, Missouri, Ohio and Pennsylvania. Please check with the bank to confirm its availability for you. Their number 800-622-4036 seems to quickly connect you to a CSR.

National City Bank is FDIC insured (Certificate # 6557). The bank has a 2 out of 5 star rating (below peer group) at Bankrate.com based on 9/30/07 data.

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Anonymous   |     |   Comment #1
Current 48 month is 4.50% APY
Anonymous   |     |   Comment #2
I just called the number listed for the 5% CD. They told me 2.885 APY. The 5% deal is bogus.