These CDs are for the resident’s of the state of Washington.  At the moment, RiverBank in Washington is offering several certificates of deposits that have very competitive interest rates including bump rate CDs.  The bank is promoting four different term CDs on their website and in the local newspapers.

The bank is presenting a 24 month term CD with an interest rate of 4.00%.  The bank also has an 18 month CD with an interest rate of is a 3.75%.  A third CD offered is for a term of 12 months and has a rate of 3.65%.  The final CD is for a 6 month term yields 3.00%.  The minimum opening deposit for the CDs is $10,000.00.  The CDs are bump up CDs which allows the accountholder to a one time rate increase during the original term upon request to match the standard Riverbank CD posted rate for the same term and balance.  The new rate will carry forward from the business date the request is received.  All other terms of the original certificate of deposit, including the maturity, remain unchanged.

River Bank promotes itself as an independent community bank located in Spokane, Washington.  The bank provides responsive, customized and personalized banking services to area professionals and small- to mid-sized businesses as well as their executives and employees.

These CD rates can be found on the RiverBank website, www.riverbankonline.com.  The bank also has an advertisement in the Sunday, December 7, 2008 Spokesman-Review.  As with must bank CD specials, there is no defined expiration period on the offer.  Rates are subject to change and additional conditions may apply.  Call a Riverbank representative for details, 509-744-6900.

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