Golf Savings Cuts CD Rates After Good Run

Since December Golf Savings Bank has been offering some of the highest CD rates available.

But the small Washington bank dramatically reduced its rates this week and has fallen out of our rankings of the best nationally available certificates of deposit.

Until just a few days ago, Golf Savings was paying one of the three top rates in five of the six terms we track.

Its single bank supports more than three dozen mortgage offices in Washington, Oregon, Idaho and Montana.

Yet, as we’ve seen time and time again, small banks offering top rates in this market are often overwhelmed with more deposits than they can profitably loan or invest.

So congratulations to Golf Savings. It was a good four-month run at the top, and we didn’t get a single negative comment about your customer service.

We hope you’ll be back in our rankings soon.