The best one year CD rate in Oregon is a product offered by Frontier Bank which is headquartered in Everett, Washington.  Frontier Bank has several one year CDs with varying minimum deposit requirements.  The lowest opening balance requirement is $500.00 and the interest rate on this CD qualifies as the highest CD rate in the state.  The rate earned in the $500.00 minimum deposit is 3.70% APY.  With a deposit of $25,000.00 the CD earns an interest rate of 3.80% APY.  With a minimum deposit of $50,000.00 the yield jumps to 3.90% APY.

Frontier Bank was founded in 1978.   The bank is the largest commercial bank headquartered in western Washington.  The bank operates more than 50 branches throughout Washington and Oregon.  Serving both businesses and individuals, Frontier Bank offers a wide selection of financial products and services, including traditional deposit accounts, commercial and real estate lending, cash management, and wealth management.

In addition to the one year CD Frontier Bank has other CD terms and rates including the following:

30 day CD with an interest rate of 1.50% APY.
60 day CD that earns a rate of 1.65% APY.
90 days CD with a rate of 1.75% APY.
120 day CD with an interest rate of 1.90% APY.
A 3 year  term CD that earns a rate of 3.45% APY.
4 year CD with an interest rate of 3.80% APY.
A CD with a term between 5 to8 years that has an interest rate of 4.05% APY.
And a 180 day special CD that yields a 3.50% APY.

Annual Percentage Yields are accurate as of December 22, 2008 and are subject to change at bank discretion.  There is a penalty for early withdrawal.  This offer is available for a limited time and excludes public funds.  Contact the bank for details at 888-779-4801 or visit the bank web site at www.frontierbank.com.

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