bank rates

El Paso Deal: 1.29% On An 8-Month CD

Bank of the West is offering south Texas savers a special 8-month CD that’s well worth considering.

This community bank in El Paso, Texas, is paying 1.29% APY.El Paso’s largest community-owned bank is paying 1.29% APY with a minimum deposit of $10,000.

That’s more than the best nationally available 6-month CDs.

But like most local offers, these certificates of deposit are only available to local customers at one of the bank’s eight El Paso locations.

(Don’t confuse this bank with the much larger Bank of the West based in California.)

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  1. CardShark said:
    on August 10th at 03:00 pm

    There are lots of new posts you’ll want to see on our Personal Finance blog. You can always reach it by clicking on the “Finance” tab at the top of every page.

  2. CrankySaver said:
    on August 10th at 03:24 pm

    The Federal Reserve took a small step to bolster the faltering economic recovery. Wrapping up a one-day meeting, the Fed said it will use the proceeds from its investments in mortgage bonds to buy government debt. Economists say that could help nudge down long-term rates on mortgages and corporate debt and shows that the Fed is ready to do more if the recovery continues to weaken. Of course it also reiterated its policy of keeping interest rates at record lows for an “extended period,” which is not good news for savers. Click here to read more about the Fed meeting.