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- High Yield Certificates of Deposits (CDs)
- $30 Million of FDIC Insurance
- One 1099 at Year End for all Certificates of Deposits
- Rate fixed for the term of the Certificates of Deposits
- Customer information is Protected
We invite you to become a Citadel Bank High Yield Certificate of Deposit customer.
We can offer you this service because we are participants in the CDARS service
offered by Promontory Interfinancial Network. Through this service, Citadel Bank
exchanges customer deposits with other network banks in increments of less than
$100,000,
so that both principal and interest are eligible for complete FDIC insurance
coverage. Our CD rates are some of the highest in the industry and we are one
of the few Colorado Springs banks that can offer you a High Yield and
access to $30 million dollars in FDIC insurance.
Our High Yield CDs are issued for various maturities with the convenience of one 1099 at year end. Thus, Citadel Bank, a locally owned Colorado Springs bank for over 30 years, is leading the way in the certificate of deposit market, and has placed over $250 million through the network.
Organizations such as Non-Profits, Home Owners Association, and Public entities, as well as private individuals are often required to deposit their funds in an FDIC insured instrument causing them to seek out numerous Colorado banks to obtain the security of the FDIC. Now you only have to call one local bank, Citadel Bank, where your personal account representative can offer you a safe and convenient investment in High Yield Certificates of Deposit through Citadel Bank.
- Insure your Certificates of Deposit up to $30 million
- CD interest added to Principal at maturity or deposited to a Citadel account
- CD interest is compounded daily
- Excellent for CD Ladders out to three years
- The minimum deposit is $25,000
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CITADEL BANK CDARS
As of August 28, 2008
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| TERM |
Minimum Deposit |
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$25,000 *APY |
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$50,000 *APY |
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$100,000 & Over *APY |
| 4 Weeks |
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1.157% |
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1.359% |
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1.562% |
| 13 Weeks |
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2.020% |
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2.020% |
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2.173% |
| 26 Weeks |
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2.327% |
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2.327% |
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2.480% |
| 52 Weeks |
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2.583% |
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2.839% |
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2.994% |
| 2 Years |
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3.076% |
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3.076% |
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3.179% |
| 3 Years |
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3.355% |
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3.355% |
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3.458% |
100% FDIC Insured
Call Greg Walters, Cheryl Murphy, or Jan Miller
719-597-0170
866-597-0170
Member FDIC
*Annual Percentage Yield
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