2.10% 12-Month CD & 2.50% 24-Month CD at The Mint National Bank in Texas - Local Only read and submit comments for this post

The Mint National Bank is offering some competitive CD and savings account rates. The two most competitive CD rates are the 2.10% APY 12-month CD and the 2.50% APY 24-month CD. Minimum deposit is $1,000. These same rates are also available in an IRA. The bank's savings account has tiered rates with the top rate of 2.10% APY for balances of at least $50,000. The rate is also competitive for balances of $10,000 to $50,000 with a 1.85% APY. These rates are listed at the bank's rates page as of 11/06/09.

The Mint National Bank is a small bank that was just established last January. Its office is located at 1213 Kingwood Drive, Kingwood, Texas which is about 20 miles north of Houston. A branch visit appears to be required to open an account. If you plan to drive a long distance, a call would be advisable to ensure they don't have any local limitations on new accounts.

Since it's new, the bank is labeled as a start-up at both BauerFinancial and Bankrate without any ratings for safety and soundness. The bank has been a FDIC member since January 5, 2009 (FDIC Certificate # 58764).

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