High Desert Bank is chartered as a Savings Association in Bend, OR.  The primary regulator of the bank is the Office of Thrift Supervision.  The bank was established on September 26, 2007 and has been FDIC insured since that time.  The bank assets, as of September 2008, stood at $34,132,000.  Through September, 2008 the bank had net income which resulted in a loss of -$580,000. 

The bank carries every major type of depository product, such as personal checking, business checking, money market and CDs.  The main focus of the bank is commercial lending and related services.  The bank also offers online banking, electronic bill pay and every loan product from consumer personal loans, mortgages, home equity loans and lines of credit, business to construction and commercial loans.

The bank has a number of products for a secure way to save for short and long term goals.  Area bank customers can start saving with the banks basic savings product or money market accounts that allow the account holders to enjoy access to their funds while earning competitive rates.

Included in the banks full array of personal checking and savings plans are CDs with a variety of rates and terms available.  CD account holders can select a term tailored to their investment needs from 7 days to 5 years.  The minimum opening deposit on these bank CDs is $1,000.00.

30 day to 89 day CD rate is 1.77% APY
3 month to 179 day CD has an interest rate 2.02% APY
6 month CD rate is 3.05% APY
1 year CD yields an interest rate of 2.75% APY
18 month CD rate is 2.85% APY
2 year CD has an interest rate of 2.30% APY
3 year CD rate is also set at 2.30% APY

CD rates are subject to change frequently due to market conditions.  For additional product information and current CD rates, contact the bank at 541-848-4444.  Rate sheets for the interest rates on all interest bearing accounts, including bank CD rates, can be found on the bank website at www.highdesertbank.com

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