Not many would guess that Iowa’s largest bank also serves customers in Phoenix, but Bankers Trust Company is offering the same great CD deal in both markets.
It’s paying 1.30% APY on a pick-your-term certificate ranging from 7 to 27 months.
Compared with the top nationally available 12-month return of 1.30% APY from the banks on our CD Rates Leaderboard, the Bankers Trust deal is best at the shortest end of the range, where it handily beats the 1.05% APY you can earn from the top national 6-month CD.
Of course, it’s always prudent to check Bankrate’s extensive database of the day’s best CD rates in the country before committing to any certificate, but a 7-month yield of 1.30% APY won’t easily be outdone.
The rate can be improved even more for those willing to do additional business with Bankers Trust, with four relationship tiers offering CD rate boosts of up to 0.10%.
Bankers Trust certificates of deposit require a $1,000 minimum investment and must be opened at one of its 14 branches in central and eastern Iowa or its three branches in Phoenix and Sun City West, Arizona.
For dozens more local and regional deals like this one, be sure to visit our constantly updated roundup of the country’s top-paying credit union and community bank CDs.