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Frontier Bank 2.40% 1 Year CD

July 30th, 2009

Frontier Bank is a 2% APY 6 month CD, a 2.35% APY 1 year CD and a 2.60% APY 2 year certificate of deposit all with a minimum deposit of just $500. If you open an account with at least $50,000 then the 1 year CD is bumped up to 2.40% and the 2 year CD jumps to 2.80%. To visit their site, click here.

You can open an account online and they can be funded via ACH transfer. The rate locks in with your application as long as they receive your deposit within 5 days. You can close the CD at maturity over the phone which is a nice plus as well.

If you’d like to open an account in person, branches of Frontier Bank are located in Oregon and Washington. They’re ratings are a weak with a 1 out of 5 star soundness rating from bankrate, so you should definitely stay under the $250,000 FDIC insured limit. Check out the highest jumbo CD rates we could find.

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