UniBank 90-day CD 5.65% APY

UniBank is a new bank (chartered in November 2006) based out of the Pacific Northwest which has jumped into the national market with the following CD rates:

3 Months Fixed CD - 5.51% rate 5.65% APY

6 Months Fixed CD - 5.22% rate 5.35% APY

12 Months Fixed CD - 5.22% rate 5.35% APY

18 Months Fixed CD - 5.00% rate 5.12% APY

24 Months Fixed CD - 5.00% rate 5.12% APY

36 Months Fixed CD - 5.18% rate 5.30% APY

48 Months Fixed CD - 5.18% rate 5.30% APY

60 Months Fixed CD - 5.18% rate 5.30% APY

Obviously the 90-day CD rate is attractive, but even the longer term rates are well above the national rate averages. UniBank’s stock (USD) is down less than 10% since its 52-week high in July, an indication that their mortgage lending business is viewed as stable. Investors in CDs issued by UniBank are FDIC-insured up to $100,000 per depositor.