American First National Bank has a CD promotion with a 2.64% APY for terms of 6, 9 and 12 months. Minimum deposit is $1,500. There’s also a Jumbo CD rate of 2.75% APY for the same terms. Minimum deposit is $100,000. In addition, their IRA CD has a 3.50% APY for 12 and 18 month terms. These rates are current as of 5/15/09.

It appears a branch visit is required to open accounts. Branches are located in Houston, Dallas and their suburbs.

The bank has decent ratings for safety and soundness: 3.5 stars (good) at BauerFinancial and 4 stars (sound) at Bankrate. Both ratings are based on 12/31/08 financial data. The bank is FDIC insured.

No related posts.