bank rates

17-Month Special Beats Most CD Rates

Security Savings Bank is offering a 17-month certificate of deposit that tops most 24-month CD rates.

It pays 2.47% APY with a minimum deposit of only $500 and is available for IRAs.

This Kansas bank offers one of the best CD rates around, 2.47% for 17 months. This is a great example of how banks often offer their best rates on odd-term CDs that don’t mature in the traditional six, 12 or 24 months.

Not only is this rate almost a full point higher than the national average of 1.51% APY for 24-month CDs, it’s only a tenth-point less than the top-paying 24-month CD from Frontier Bank.

Although this special is available nationwide, Security Savings is not taking online applications.

You have to call a customer service representative at 1-800-323-8958, or visit one of its 10 Kansas branches.

Use our extensive database of CD rates to compare Security Savings’ special with the best deals from scores of banks.

Although the average return for all types of certificates of deposit are near record lows right now, CD rates had their best week of the year in our latest survey of large banks and thrifts.

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Comments (7)
1 Star2 Stars3 Stars4 Stars5 Stars (5 votes, average: 4.60 out of 5)
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7 Existing Comments
  1. Virginia Morgan said:
    on August 6th at 05:05 pm

    I have some accounts at that bank. They are always friendly and have good customer service.

  2. J Davis said:
    on August 7th at 03:36 pm

    You can only open an account in person, no internet available and bank will not open account by phone call.

  3. RateRunner said:
    on August 8th at 09:52 am

    Last week Security Savings told us they’d accept deposits nationwide. This morning they say only from Kansas residents. We suspect the bank got flooded with out-of-state calls and changed the rules. Regretably, this happens all the time with smaller banks.

  4. Mom4u said:
    on August 12th at 11:40 pm

    I think all bankers should have their own on-line service… then they need to teach all the customers how to use it…

  5. ed said:
    on August 13th at 10:03 am

    received lst month a 2.65% at provident bank in calif,,,,,for 17 months…

  6. Monica Knott said:
    on October 8th at 12:28 pm

    Is this deal still on 2.65% for 17 months

  7. Monica Knott said:
    on October 8th at 12:30 pm

    Best deal today is with Met Life Bank 2.25 % for one year, if you have $25.000 This Promotion is on until December
    Monica