The best short term CD rates in Ohio are being offered by United Midwest Savings Bank.  United Midwest has two promotional short term CD accounts.  The first bank CD is a 5 month CD with an interest rate of 4.00% APY.  The second bank CD has a 14 month term that yields a 4.25% APY.  Both CD accounts require a minimum deposit of only $500.00.  In light of how interest rates have been dropping in the past two weeks, federally insured deposits with rates of this magnitude far eclipse the rates offered on U.S treasury securities and money market mutual funds.

Based on information obtained from United Midwest Savings Banks website, the bank is an independent, privately-owned, federal-chartered institution.  The bank operates four full service depository branches and two loan production offices.  The bank has a variety of deposit and mortgage products and services.  In addition, the bank offers consumer finance products through its operating subsidiary, First Mutual Financial.

The banks main office is located in DeGraff, Ohio.  The bank has branch locations in Columbus, West Manchester Ohio as well as Falmouth, Kentucky.  The bank can be reached toll free at 800-626-2913.  The current CD interest rates are posted on the banks website at www.umwsb.com.  Interest rates are subject to change and additional conditions may apply.  Information regarding United Midwest Savings Banks was updated on December 12, 2008.

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