Bank Profiles

This week the CD rates actually went up for a change but you may have noticed a few new banks in the mix and one of them happens to be New Dominion Bank.  New Dominion has been on the top ten charts a few times in the past but they seldom stay on due to the other bank’s competitive rates but this time, they are actually having some pretty good deals worth looking at.

New Dominion Bank is located in Charlotte, NC and is FDIC insured.

Below are some of their leading rates as of 3.4.08

Money Market – 3.05% APY, $3,000 minimum.  It’s not the greatest but has a decent minimum balance.  This is great for local residents if you want a brick and mortar branch to go to.

6 month – 3.66% APY, $3,000 minimum.

1 year CD – 3.55% APY, $3,000 minimum.

For more information regarding this bank, visit their website or call 1.800.592.6248

This week we take a look at the bank, National Bank of Kansas City.  The National Bank of Kansas City usually offers a pretty nice set of CD rates but they do tend to fluctuate a lot.  The NB of KC is open to all USA residents and is FDIC insured.  They have locations in KS, MO, CO, and AZ.

As of 2/26/08, The National Bank of Kansas City had a few CDs pop back into the Gotalkmoney’s top ten CD rates.  The rates are as followed –  All CDs require $10,000 minimum deposit to open.

Length              APY

Find out more information on their official website.

A new bank has popped up on the GOtalkmoney.com’s top ten charts for the first time.  The bank, Downey S&L Bank may be familiar to some but not too many others.  In this post, I’m going to give you a few details about the bank, so that you can become more familiar with the bank itself.

Downey Savings was started in California in 1957.  This is where their main branch is located but their CD rates are opened to everyone nationwide.

They have over 13.5 billion in assets and have branches located in Arizona and California.

Their current CD rates as of 2/12/2008

3 month CD – 3.75% APY

6 month CD – 3.75% APY

12 month CD – 3.00% APY

All CDs require a minimum deposit of at least $5,000.  If you’re interested in opening a CD with this bank, feel free to browse their website or call 1-800-9-downey.  Downey S&L bank IS FDIC insured.