bank rates

Oklahoma Deal: 7-Month, 1.26% CD Rates

Exchange Bank and Trust Co. is offering this deal with a $2,500 minimum deposit.Exchange Bank and Trust Co. has a 7-month CD rates special for Oklahoma savers.

It’s paying 1.26% APY, more than a tenth of a percentage point better than the top nationally available 6-month CD rates deal.

Birmingham-based Nexity Bank pays 1.12% APY. (See our latest CD Rates Leaderboard.)

This CD rates special, which requires a $2,500 minimum deposit, includes an add-on provision that allows you to deposit more money during the term after the initial payment.

We’ve previously reported on Exchange Bank’s good short-term CD rates.

In February, the bank (www.ebankperry.net) was offering top 3- and 6-month CD rates. Those terms are now earning significantly less.

But the bank is also offering a 36-month “escalator CD” that pays 1.81% APY (more than a third of a percentage point less than the top nationally available deal), which you can change once during the term if rates increase.

You must purchase these certificates of deposit in person at one of Exchange Bank’s three branches, located in Perry and Stillwater, about an hour north of Oklahoma City.

Compare these returns with the best CD rates from scores of banks in our extensive database.

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Comments (2)
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2 Existing Comments
  1. Mike at Bankaholic said:
    on July 7th at 10:57 am

    These rates are still good as of July 7, 2011.

  2. Kathy at Bankaholic said:
    on July 13th at 11:34 am

    You can still get these rates as of today.