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Forbright Bank is offering 5.25% APY on a 12-month CD. 3-month penalty for early withdrawal.

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FDIC insured up to 250k. 3 months penalty for early withdrawal. This is the highest offer I could find.

https://www.forbrightbank.com/con...nline-cds/
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Forbright Bank is offering 5.25% APY on a 12-month CD. 3-month penalty for early withdrawal.
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Created 03-16-2023 at 08:34 AM by Moooshe
in Financial Tools & Services (4)
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Joined Jun 2008
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Peakmaster
03-16-2023 at 08:53 AM.

Our community has rated this post as helpful. If you agree, why not thank Peakmaster

03-16-2023 at 08:53 AM.
Great timing...because banks touting their focus on things other than banking are doing so well right now
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ValueRanger
03-16-2023 at 10:20 AM.
03-16-2023 at 10:20 AM.
With 'softer' assets like pure financing, coming into more destabilized conditions; harder assets are more preferable in investments. One of the mainstays in hard assets is real estate; and this institution is far more vested in real estate financing, as opposed to outright ownership in ratio to financing. If they had a solid commitment to baseload energy competition to fossil fuels; they'd get more of my attention.
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mcattack86
03-16-2023 at 11:01 AM.
03-16-2023 at 11:01 AM.
I'd have to agree with other comments. You can get 5% from more reputable banks - don't think the extra quarter percent is worth the risk
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