Washington in the spotlight.  While looking at the activities in Washington it is a good time to look at the action on bank CD rates in Washington.  WashingtonFirst Bank is a locally owned and operated financial institution.  WashingtonFirst Bank provides commercial and personal banking solutions in D.C. area.

WashingtonFirst Bank was founded in 2004.  The bank offers various products and services, including checking accounts, savings accounts, certificate of deposits, consumer and commercial loans, cash management services, ATM cards, and internet banking.  WashingtonFirst Bank has several checking and savings options designed to meet just the needs of its consumer depositors.  Along with a host of other consumer bank products, the bank offers a variety of CDs. 

Some of the features of the bank CDs include:

$1,000.00 minimum opening deposit
Competitive interest rates
Interest is calculated based on the account balance.
For CDs of less than 180 days, interest is paid at maturity.
For CDs of 180 days or more, interest is compounded quarterly.
Regular term CDs have terms of 30 day certificates of deposit, 90 day certificates of deposit, 12 month certificates of deposit, 24 month certificates of deposit, 36 month certificates of deposit, 48 month certificates of deposit, 60 month certificates of deposit.
Special CDs such as a 12 month no penalty certificates of deposit that allows one penalty free withdrawal after first 14 days.

The current rates on these CDs are as follows;

30 day CD has an interest rate of 0.50% APY.
90 day CD earns an interest rate of 1.00% APY.
6 month CD yields a rate of 1.45% APY.
One year CD which has an interest rate of 1.75% APY.
Two year CD with an interest rate of 2.45% APY.
Three year that earns an interest rate of 3.10% APY.
Four year CD with an interest rate of 3.25% APY.
Five year yields a rate of 3.40% APY.
The banks one year bump up CD has an interest rate of 2.00% APY.
The one year no penalty CD earns an interest rate of 1.005 APY.
All of these bank CDs require a minimum deposit in the amount of $1,000.00 with the exception of the bump up CD which requires a minimum $5,000.00 deposit.

The listed bank interest rates are subject to change at any time, without prior notice prior to opening the CD account.  A bank representative can be reached at 202-587-7000.  Additional bank rate information is available on the web site for WashingtonFirst Bank which is located at www.washingtonfirstbank.com.

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