Slickdeals is community-supported.  We may get paid by brands or deals, including promoted items.
Forum Thread

Bank OZK, 13 Month CD - 5.20% APY

+4 Deal Score
3,160 Views
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/
See Deal
Add Comment
Reply
Created 05-29-2023 at 10:41 PM by sh1tass
in Financial Tools & Services (4)
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score +4
3,160 Views
See Deal

7 Comments

View Forum Thread
1

Your comment cannot be blank.

Sign up for a Slickdeals account to remove this ad.

Joined Jan 2023
New User
> bubble2 5 Posts
14 Reputation
LivelyVest596
05-30-2023 at 08:30 AM.
05-30-2023 at 08:30 AM.
What is the penalty for early withdrawal? I can't find any info on their site
Like
Funny
>
Helpful
Not helpful
Reply
Joined Aug 2011
L2: Beginner
> bubble2 88 Posts
10 Reputation
coccyxdynia
05-30-2023 at 03:37 PM.
05-30-2023 at 03:37 PM.
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.
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Dec 2007
L8: Grand Teacher
> bubble2 3,206 Posts
584 Reputation
iahawks550
05-30-2023 at 03:44 PM.
05-30-2023 at 03:44 PM.
Quote from coccyxdynia :
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.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Aug 2020
L3: Novice
> bubble2 213 Posts
58 Reputation
CrimsonShoe959
05-31-2023 at 01:32 AM.
05-31-2023 at 01:32 AM.
Quote from LivelyVest596 :
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.
1
Like
Funny
>
Helpful