Best One Year CD Rate in North Carolina

Best One Year CD rate in North Carolina

The best one year CD rate in North Carolina is presently being offered by Asheville Savings Bank.  The bank is offering a superior CD with a 4.18% interest rate and 4.25% APY for its 1 Year term.  This CD rate requires a minimum balance of $10,000.00.  To obtain this rate a checking account with direct deposit is needed.  The minimum opening deposit for new checking accounts to qualify for this rate is $500.00.  The interest rate on the CD is 3.21% with APY of 3.25% if the requirement of a checking account with direct deposit is not met.  Asheville tells us in their ad, “whether you use your checking account once a day or just once a month we have the right choices for you”.  The checking accounts available for direct deposit are: The Best Checking, Premier Checking, Senior Premier Checking, and Banking Edge Premiere Checking.

The features of the banks Best Checking account include:

5.00% Annual Percentage Yield interest on your checking balance, up to $25,000.
Use of any bank’s ATM free, any time, anywhere nationwide.
Free Visa CheckCard.
No monthly service fee.
No minimum balance.
Free initial supply of standard checks.
No-fee travelers checks.
Optional overdraft line of credit ( subject to approval ).
Available for consumer accounts only.
$50 opening deposit.

Account requirements that must be met each statement cycle:

Ten or more CheckCard purchases per month.
Verification dates for CheckCard purchases.
One direct deposit or electronic payment per month.
Enroll and receive electronic account statement.

If requirements are not met:

The account is still free
The rate will be 0.25% APY on the checking balance.
Other bank’s ATM fees will not be refunded.

The features of the banks Premier Checking account include:

No monthly service fee.
Free initial supply of wallet-style personalized checks.
No-fee travelers checks.
$50.00 opening deposit.

The features of the banks Senior Premier Checking account include:

For seniors 55+.
Interest earned every day balance is above $500.
Free wallet-style personalized checks.
No-fee travelers checks.
No-fee official bank checks.
$50 opening deposit.

The features of the banks Banking Edge Premier Checking account include:

$15.00 per month service fee waived for balances above $2500.00 or maintain $2500.00 in a money market, savings, or certificate of deposit account or maintain a real estate, home equity, or auto loan with Asheville Savings Bank.
Free wallet-style personalized checks.
Free 3×5 safety deposit box (subject to availability) or credit toward a larger box.
One free stop payment order per year.
Two non-Asheville Savings Bank ATM usage fees waived per month.
0.5% reduction off current interest rate for Breathe Easy Overdraft Protection ( subject to approval ).
$50 opening deposit.

As striking as this 4.25% APY sounds, remember to be sure to obtain current rate and product information by phone at 828-254-7411.  This particular high CD rate was located by surfing the bank website at www.ashevillesavingsbank.com.  Asheville Savings Bank, chartered in 1936, has 13 bank branches with 180 employees in the counties of Buncombe, Henderson, McDowell, Madison and Transylvania in western North Carolina. On August 30th, 2008, the bank had assets of $677 million.  The site was reviewed on November 29, 2008.

This entry was posted on Saturday, November 29th, 2008 at 11:15 pm and is filed under Bank Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.