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sh1tass 5.1K Views
May 30, 2023 4:41 AM

Bank OZK, 13 Month CD - 5.20% APY

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Bank OZK is offering a 13 month CD at a 5.20% APY! This seems to be one of the best rates available from a known, and fairly large, regional bank.

$1000 Minimum Deposit

https://www.ozk.com/personal/savings/cds/
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Bank OZK is offering a 13 month CD at a 5.20% APY! This seems to be one of the best rates available from a known, and fairly large, regional bank.

$1000 Minimum Deposit

https://www.ozk.com/personal/savings/cds/

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7 Comments

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May 30, 2023 2:30 PM
8 Comments
Joined Jan 2023
LivelyVest596May 30, 2023 2:30 PM
8 Comments
What is the penalty for early withdrawal? I can't find any info on their site
May 30, 2023 9:37 PM
255 Comments
Joined Aug 2011
coccyxdyniaMay 30, 2023 9:37 PM
255 Comments
One year T-bills are 5.2% as well.. why not go with that? For most people, not paying state tax means you'll come ahead buying treasuries instead of CDs and they are easy to purchase through a broker like Fidelity.
May 30, 2023 9:44 PM
3.7K Comments
Joined Dec 2007
iahawks550May 30, 2023 9:44 PM
3.7K Comments
Quote from coccyxdynia View quoted comment :
One year T-bills are 5.2% as well.. why not go with that? For most people, not paying state tax means you'll come ahead buying treasuries instead of CDs and they are easy to purchase through a broker like Fidelity.
Mainly because people are financially stupid. T-bills make more sense in almost every instance right now.
May 31, 2023 7:32 AM
343 Comments
Joined Aug 2020
CrimsonShoe959May 31, 2023 7:32 AM
343 Comments
Quote from LivelyVest596 View quoted comment :
What is the penalty for early withdrawal? I can't find any info on their site
It's typically 3 months for 18 month CDs or shorter at the banks I hold CDs with. Not 100% sure for bank of the ozark though. An old news article from bank of the ozarks CD advertisement for a 13 month CD says this "According CSR, the Early Withdrawal Penalty is six months interest." Do not know if the penalty is still the same, but it probably is. It was from a DMN article from '16.
Last edited by CrimsonShoe959 May 31, 2023 at 12:36 AM.
May 31, 2023 7:39 AM
343 Comments
Joined Aug 2020
CrimsonShoe959May 31, 2023 7:39 AM
343 Comments
Quote from coccyxdynia View quoted comment :
One year T-bills are 5.2% as well.. why not go with that? For most people, not paying state tax means you'll come ahead buying treasuries instead of CDs and they are easy to purchase through a broker like Fidelity.
About half of the population with access to a bank of the ozarks has no income tax. This regional bank is in Texas (31m people no income tax) and Florida (23m people no income tax) and the states between those 2.
May 31, 2023 10:41 AM
3.7K Comments
Joined Dec 2007
iahawks550May 31, 2023 10:41 AM
3.7K Comments
Quote from CrimsonShoe959 View quoted comment :
About half of the population with access to a bank of the ozarks has no income tax. This regional bank is in Texas (31m people no income tax) and Florida (23m people no income tax) and the states between those 2.
Any person can buy these cds through brokerage firms also. Same as T-bills. That encompasses everyone else in the country that has access to a brokerage account.
Jun 9, 2023 2:01 PM
1.4K Comments
Joined Jan 2008
ScroogeJun 9, 2023 2:01 PM
1.4K Comments
do brokerage firms charge a fee?

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