Highest Washington State CD Rates

One of the highest paying banks in Washington State right now is Raymond Federal Bank. Their CD rates are very competitive considering the economy. The longest term of 5 years is the highest right now at a 3.56% APY. This is almost unheard of with banks, and you may remember a little over a year back when rates were upwards of 5%. For those living in or around WA cities of Raymond, Long Beach and South Bend. For those living in Cosmopolis, Melbourne, or even Aberdeen, it might be worth a drive to get this special rate.

Other rates include a 1.56% APY 1-year CD and a 2.63% APY 3-year CD. For quite a few people, investing long term in bank CD’s may not yield the best return. Rather than tie up money for a long period of time, many are looking to find the best 1 year CD rates in case interest rises. For many a 3.56% APY is a great rate for 5 years. This special may not last long, so you may want to check with a banker at Raymond Federal to find out more details.

If you are looking at investing in a Money Market account, you may also want to ask about the Premier Plus Money Market account being offered at a current rate of 1.31%. This too may be subject to change in the near future, so please call the bank on all rates before assuming here. Also keep in mind that the minimum to open a Money Market account is $20,000.

BauerFinancial rates Raymond Federal bank with 5 stars which is quite unusual for most banks currently. With these types of rates and this sound of a bank it will make a lot of sense for many investors. This bank data is based on research of 12/31/09 last. The bank is also FDIC insured and has been a member since 1934 (FDIC Certificate # 28266).

If you have interest in their checking or savings accounts please give the bank a call today to speak with a representative.