Right outside of Minneapolis looms a bank that offers the best one year CD rate in Minnesota.  Granted, the interest rate offered by this bank will not surpass the rate offered by GMAC Bank but until the government infuses that bank with billions of dollars in aid, Lakeville looks a great place to park cash in Minnesota.  In Lakeville stands the financial institution named, Provincial Bank.  The bank is currently offering a promotional rate on their 14 month CD, which for where we come from is darn near close enough to one year in term that it is tossed into the one year CD term category.  The rate on this CD is at 3.81% APY.  If a bank customer should desire a shorter term CD, the bank offers an 8 month CD with an interest rate of 3.01% APY.  Or if a prospective bank customer will like to receive a slightly higher rate and seek a longer term CD, the bank offers a 27 month CD with an interest rate of 3.91% APY.

Each CD requires a minimum opening deposit of $1,000.00.  Additional terms and rates are available.  All bank CDs offer competitive rates with the same $1,000 minimum balance.  Terms range from 3 months to 60 months.  Bank CDs are automatically renewable and FDIC insured.

Interest rates are subject to change additional conditions may apply to open a CD account.  For more information on other terms and rates, please a bank representative at 952-469-2265.  The bank maintains a website that displays the current promotional CD rates at www.provincialnbank.com.  In the interest of equality or some concept similar in nature to equality please be advised that the one year CD rate offered by GMAC Bank presently sits at 4.00% APY.

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