
Texas and Florida only. Colonial Bank is offering various competitive rates on their shorter term CDs. The rates include:
- 2.10% APY for a 3 month term
- 2.10% APY for a 6 month term
- 2.50% APY for a 12 month term
Here are some details about the CD:
- Minimum deposit to open is $500
- CDs can be opened in an IRA
- No checking account requirement
- A branch visit is required to open an account
- Rates are not listed at Colonial Bank's website, so you'll have to call in
A word of caution, Colonial Bank has a weak safety rating according to BauerFinancial and Bankrate.com.
For the best CD rates available, please visit Go Banking Rates often as rates change daily.
