Great CD rates from AloStar Bank of Commerce
By Elaine Griffin
AloStar Bank of Commerce is in the process of acquiring Nexity Bank accounts. As of June 3, 2011, and according to an AloStar representative, while in this process, they are honoring Nexity Bank rates for new accounts. In addition, accounts are still available nationally.
One of the accounts with very competitive annual percentage yields (APY) is the CD account, and in particular, the 90-day, 6, and 12-month accounts. Opening a CD account requires a low $1,000 minimum deposit. Rates listed below are effective as of June 3, 2011.
Headquartered in Alabama, AloStar Bank of Commerce was established in and became a member of the FDIC in April 2011.
Type of account: CD (Certificate of Deposit)
- Open account online or in person with at least $1,000
- Early withdrawal penalty may apply
- 0.81 percent APY on 90-day CDs
- 1.12 percent APY on 6-month CDs
- 1.31 percent APY on 12-month CDs
Contact AloStar Bank of Commerce for details on this offer.