Three great CD specials continue for Salem Five Cents Savings Bank

By Elaine Griffin

Salem Five continues to offer three CD specials. Annual percentage yields (APY) for the specials are as follows: 1.10 percent APY on 14-month CDs, 1.50 percent APY on 24-month CDs, and 1.50 percent APY on 60-month CDs. Opening and earning the rates on these CDs requires a minimum of $10,000. Salem Five requires paperwork to open the account be postmarked by a specific date. Check their website for more details.

Salem Five Cents Savings Bank was established in 1885 and has been a member of the FDIC since January 1981. They are headquartered in Massachusetts. Salem Five provides banking services to customers locally and nationally.

Type of account: CD (Certificate of Deposit)

Bank requirements:

• $10,000 minimum to open and earn rate
• Penalties are imposed for early withdrawal
• For more details, please contact Salem Five Cents Savings Bank

Account benefits:

• Competitive annual percentage yields on 14, 24, and 60-month CDs

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)

Bank requirements:

• Open account online or in person with at least $1,000
• Early withdrawal penalty may apply

Account benefits:

• 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.