Charter Bank Offering 3% APY 14-Month CD

Charter Bank, located in New Mexico, is offering a 14-month CD with a 3% APY. That's higher than the top 12 month CD rate and the top 18 month CD rate on the BestCashCow rate tables.

Accounts can be opened online. The CD rate locks once you submit the application. From that point you'll have 10 days to transfer the money, which can be done via ACH, check or wire transfer. They'll also be sending a signature card in the mail.

Charter Bank has approximately $1 billion in assets and $700 million in deposits. It has been FDIC insured since (FDIC Cert: 32498) 1986 and has a 2 out of 5 star Bauer rating (problematic) for safety and soundness.