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Collin Bank 2.58% APY 1 Year CD in Frisco Texas

June 10th, 2009

Collin Bank is offering a 2.27% APY 6 month CD, a 2.58% APY 1 year certificate of deposit, and a 2.73% APY 2 year CD. The minimum deposit is $1,000 and accounts that are $100,000 or higher get a 0.10% boost in rates. These rates are also available as some of the best IRA CD rates.

A branch visit is required to open account and they only have one branch in Frisco, Texas which is close to Dallas.

Collin Bank also offers a money market account with competitive rates at 2.02% APY for balances of $10,000 to $50,0000, 2.32% APY for balances of $50,000 to $250,000, and for balances of $2 million or higher you get 3.81% APY, although I’d suggest always staying under $250,000 for bank accounts.

Collin Bank is FDIC insured.

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