CD Rates at New Frontier Bank Colorado

New Frontier Bank is a community bank in Colorado with three bank branches and over $2 billion in assets.  The bank branches are located in Greeley, Windsor and Longmont Colorado.  The bank is locally owned and opened its doors for business in 1998.  The bank provides services to small and medium-sized businesses and the retail consumer.  As a community bank, the bank maintains a mission to be actively involved in civic and philanthropic activities through financial contributions, employee participation to support the local Northern Colorado communities that they serve.

The bank offers a full array of deposit and loan services that are competitively priced.  For Colorado CD investors that may be looking for a safe, secure investment that’s guaranteed not to crash overnight the bank CDs offered by New Frontier Bank may be one solution.

The bank has a 3 month CD with an interest rate of 2.15% APY, a 6 month CD has an interest rate of 2.45% APY, a 9 month CD yields a rate of 2.55% APY, a Two year CD that has an interest rate of 3.10% APY, a Three year CD which earns an interest rate of 3.20% APY and a Four year CD with an interest rate of 3.30% APY.

The bank also offers the following rates and terms on non traditional CDs.

A one year add on CD that has an interest rate of 2.90% APY.
A one year step up CD that earns an interest rate of 2.85% APY.
A one year flex CD that yields a rate of 2.50% APY.
And an 18 month add on CD with an interest rate of 3.00% APY.

There is $1,000 minimum required to open the bank CD accounts with the exception of the one year step up CD which requires a minimum $25,000.00 deposit and the one year flex CD that requires a minimum of $5,000.00.

For consumers looking for the additional liquidity afforded with a money market account, the bank has a tiered rate money market account that has the following rate structure:
if your the balance in the money market account is $0 – $49,999.99 the interest rate earned is 1.49% APY, if the balance is $50,000.00 – $124,999.99 the interest rate increases to 1.80% APY, if the balance on the account goes to $125,000.00 – $999,999.99 the rate increases further to 1.90% APY and for balances over $1 million the interest rate is 2.02% APY.

The money market account is a variable rate account in which the interest rate and annual percentage yield (APY) may change after the account is opened.  Fees could reduce earnings. There is a $100.00 minimum deposit required to open the money market account.  There is no monthly service charge with a minimum balance of $2,500.00.  If the balance falls below $2,500 any time during the statement cycle, there will be a $10.00 service charge.

CD interest rates are subject to change prior to opening the accounts.  Current CD rate information can be obtained at the bank web site at www.newfrontierbank.com or by calling a bank representative at 800-803-4974.

Tags: CD rates, CD rates Colorado, Colorado banks, interest rates, money market accounts, New Frontier Bank, rates

This entry was posted on Friday, January 23rd, 2009 at 5:46 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.