Randolph Bank & Trust Company is listing a 5-year CD special with a 2.02% APY. Minimum deposit is $5,000, and the maximum deposit is $100,000. There are shorter-term CD specials listed but these rates are not competitive. The 5-year CD special is listed in the bank's rates page as of 10/4/2012. The early withdrawal penalty is equal to six months interest on the amount withdrawn. The bank has a CD chart which lists the early withdrawal penalty and other CD details. Thanks to the reader who notified me of this special.
It appears this 5-year CD special requires a branch visit for new customers. There's an online 3-year CD that's available in several states, but this rate is much lower.
Randolph continues to offer a good deal on a reward checking account that it calls Choice Checking. It currently pays 2.02% APY for balances up to $25K if certain monthly requirements are met. Like the 3-year CD, this is available in several states from the online application.
Randolph Bank Overview
Randolph Bank branches are located in the North Carolina cities of Asheboro, Burlington, Randleman and Mebane.
The bank has an overall health score at DepositAccounts.com of 3 stars (out of 5) with a Texas Ratio of 36.28% (below average) based on June 2012 data. Please refer to our financial overview of Randolph Bank for more details. The bank has been a FDIC member since 1978 (FDIC Certificate # 22746).
How This CD Rate Compares
For banks that offer their CDs nationwide, the best 5-year CD rate is 1.90% APY at CIT Bank.
You can still get a 2.00% APY 5-year CD at BBVA Compass, but this isn't nationally available. You have to live in the market areas where Compass has branches. These are in AZ, CA, CO, NM, AL, FL and TX.
These rates are accurate as of 10/4/2012.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.