It’s not often that Iowa and Arizona are paired up, but right now they share the same great CD deal from Bankers Trust.
Iowa’s largest bank is letting savers in its state and the Phoenix area, where it also has a presence, earn 1.33% APR on any CD term they choose from 3 to 21 months.
This “pick-a-term” promotion handily beats the top nationally available 3-, 6- and 12-month returns our CD Rates Leaderboard, which range from 0.60% to 1.21% APY.
Even choosing the 21-month term is competitive with the national 24-month leaders that pay 1.35% APY.
Based in Des Moines, Bankers Trust serves central Iowa and Cedar Rapids with 14 branches: Des Moines (5), Cedar Rapids (2) and one each in Altoona, Ames, Ankeny, Clive, Grimes, West Des Moines and Windsor Heights.
In Arizona, Bankers Trust operates two Phoenix branches and one in Sun City West.
These promotional certificates of deposit require a $1,000 minimum investment and must be purchased at a Bankers Trust branch.
Click here to find lots of other local deals from community banks and credit unions.
UPDATE 4/3/15: Bankers Trust has lowered the rate to 1.00% APY for this 3- to 21-month CD.