US Bank 4% 59 Month CD
US Bank is offering a 4% APY 59 month CD, a 3% APY 37 month CD, and 2.15% APY for 13 month certificate of deposit. The minimum deposit for these rates is just $1,000.
It should be noted that there is a severe early withdrawal penalty. For the 59 month CD you are charged over 29 months’ interest so if you want one of these CDs you better be sure you won’t need the money early. Their early withdrawal policy is $25 plus either one half the interest of the full term or 3% of the amount withdrawn.
You have to open a CD with US Bank at one of their branches unless you already have a checking or savings account with them. They have branches in the following states: Arizona, Arkansas, California, Colorado, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, North Dakota, Ohio, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming. See their site for specific branch locations.
US Bank has a 4 star rating out of 5 at bankrate.com. US Bank is a FDIC insured bank.
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