Overland Park Kansas was ranked #9 on Money magazine’s list of the “Best Places to Live” in 2008.  Overland Park has moderate housing prices, a good job market and it is well situated for an easy commute to the surrounding region.  Overland Park is also home to Bank of Blue Valley.

Bank of Blue Valley is a locally owned and locally managed community bank.  The bank was founded in 1989.  As of November 2008, the bank has six locations in Johnson County: Overland Park, Olathe, Shawnee, Leawood, Lenexa and a mortgage loan center also in Overland Park.  Bank of Blue Valley is chartered as a Federal Reserve Member.  Therefore the primary regulator is the Federal Reserve Board (FRB).  At the end of 2008, the bank had just over $800,000,000 in assets.  Net income for the year turned out to be a loss of -$9,175,000.  The bank’s non current loans for the year had reached 6.47% an increase from 4.15% at the end of 2007.

As a full service financial provider, Bank of Blue Valley also offers complimentary financial planning, investment services, trust services, and private banking.  The lending operations of the bank are comprised of commercial, commercial real estate, construction, commercial equipment financing, residential mortgages and consumer loans.  The bank’s internet banking website, provides 24/7 banking options including bill payments service with no float on bills paid and cash management services for businesses.  Bank of Blue Valley offers several personal banking options including a variety of saving choices to fit your needs and saving goals.

Bank of Blue Valley certificates of deposit are a term savings account.  Money invested in these bank accounts can earn market rates of interest and be secured by FDIC insurance.  Like most all bank certificates of deposit, they feature higher interest rates, restricted access to funds and variety of maturities based on terms of CD.  Bank of Blue Valley offers both fixed CDs and variable interest rate CD options.  The variable interest rate certificates of deposit are tied to treasury security rates.  The bank also participates in CDARS program, a special program providing safe and convenient solutions for large deposit investors.

Bank CD rates.

30 – 59 days CD rate is 1.00% APY
60 – 89 days CD rate is 1.00% APY
90 – 181 days CD rate is 1.00% APY
182 – 364 days CD rate is 2.00% APY
12 – 17 months CD rate is 2.40% APY
18 – 23 months CD rate is 2.15% APY
24 – 35 months CD rate is 2.25% APY
36 – 47 months CD rate is 2.50% APY
48 – 59 months CD rate is 2.50% APY
60 – 71 months CD rate is 2.50% APY

These bank CDs require a $500 minimum balance.  Interest is compounded and credited quarterly or you may receive a monthly interest check.  CDs are automatically renewable unless otherwise disclosed at the time the account is opened.  Quotes available on jumbo certificate of deposits as well.

All offering bank rates are subject to change without notice.  To obtain current CD rate information, call a bank representative at 913-338- 4357.  The bank website which is located at www.bankbv.com maintains timely data on bank rates, CD rates and account information.

For mortgage rate information please visit www.selectcalculators.com.  For car loan rates, please visit www.selectautorates.com and for credit card rates and offers visit www.bestcreditcardrates.com.

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