5.00% APY for 13 month CD. Can you top this rate?
Im looking for a place to park some cash and found this rate. If you can top this, please leave a comment so others may benefit.
Small print...
1. Click for CapitalSouth's Web site - Phone: (205) 870-1939
2. FDIC insured
3. Rate for deposits of $5,000 or more
4. You must open a checking account to get this rate; Must maintain $500 balance to avoid monthly service charges on the checking account
5. Must either reinvest interest from the CD or have the interest deposited to your CapitalSouth checking account
6. I have not yet taken time to see how they are rated, and I have never done business with them, so more due diligence is needed before I would want to take the plunge
7. If you are interested, please call the bank to get more details
They appear to be a small regional bank. This from their Website...
CapitalSouth Bancorp is a bank holding company. CapitalSouth, through its two bank subsidiaries, currently operates eight full-service banking offices in Birmingham, Huntsville and Montgomery, Alabama and Jacksonville, Florida under the names Bank of Alabama, CapitalSouth Bank, Banco Hispano and Capital Bank. Headquartered in Birmingham, Alabama, CapitalSouth offers a wide range of commercial banking services, including loans to small and medium sized businesses and individuals, and deposit services for businesses and individuals in its market areas.
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You can find some better deals here (higher rate shorter term:
http://ibankdesign.com/board/index.php?showtopic=1293
There is a 6 month cd paying 6% now at University of Kentucky credit union (if member).
Here are some non-CD rates too:
http://ibankdesign.com/board/index.php?showtopic=540
Best deal is Superior Savings paying 4.5% on 25k (minimum) for money market. Good thing is you don't tie up your money for 13 months.
