Goldwater Bank is offering a 3.03% APY 36-month CD with a minimum balance of $50,000. That's the best 36-month CD rate according to the BestCashCow rate table.

We covered Goldwater Bank back in August 2008 when savings rates were still paying 4% (remember those days). Goldwater is now paying 1.52% APY on its savings account. That's not terrible but certainly not one of the best savings rates.

The bank opened in 2007 and now has 14 employees and $29.8 million in deposits. It's too new to have a Bauer rating but it is FDIC-Insured (FDIC Certificate # 58405).

Acccount Opening

Once you fill in the online form, they'll mail you a signature card. You can mail a check with the signature card or do a wire transfer. They do not accept ACH transfers. Wire transfers are free from their end.

Goldwater Bank has a 3 out of 5 (Adequate) star rating from Bauer Financial.

The Jacksonville Bank, a small bank in Florida is currently paying 1.75% APY on a 6-month CD and 2.60% APY on a 24-month CD. Those are the best CD rates for their respective terms according to the BestCashCow rate tables.

The minimum deposit for opening a CD is $1,000 and they can be opened nationally via the site's online application. Funding can be done via an electronic ACH transaction from another account. Note that unlike some other CDs, these accounts can only be funded via ACH. When funding a CD by ACH transfer, your rate and term will be determined on the day funds are received by The Jacksonville Bank. CDs funded by a successful internal transfer will have their rates locked in on the same day.

Jacksonville Bank has 3 out of 5 stars (Adequate) for its safety and soundness according to Bauer Financial. The bank has $430 million in assets according based on June 2009 data. The Jacksonville Bank is FDIC insured, FDIC Certificate # 34941.

Century Bank Direct is offering a 15-Month CD that pays 2.25% APY. That compares favorably with the best 12-month and 18-month CD rates. It is also offering several other competitive products including a 2.09% APY 10-month CD and a 2.35% APY 20-month CD.

The CDs have a minimum deposit of $1,000 to open and a maximum deposit amount of $100,000. It's odd having a maximum deposit rate so far below the FDIC insurance limit, especially when rates are so low, but that's what it is.

Account Opening and Funding

Accounts can only be opened via an online application. Once the account is opened, you will asked to mail a copy of your driver's license and some other form of ID along with the signature card. Funding can be done online via an ACH pull from your primary checking account. Other key information about their CD accounts include:

• Interest paid monthly
• CD redeption can be done via messaging from within online banking or via online redemption form.
• 10 day grace period when CD matures

Century Bank Direct is a division of Century Bank of Kentucky. Bauer Financial gives Century Bank of Kentucky 2 out of 5 stars (Problematic) for its safety and soundness. The bank has two branches with 37 employees and $116.9 million in assets. That's small even by community bank standards. Century Bank of Kentucky is FDIC Insured.

Credit for this find goes to BankDeals.