Acacia Federal Savings Bank CD Rates 2011
Founded in March 1985, Acacia Federal Savings Bank has been operating in the Washington DC Metro area since then. Its primary regulator is the Office of Thrift Supervision. Deposits are FDIC insured. It is a subsidiary of the Acacia Life Insurance Company.
The bank runs its nationwide deposit operation from its main office in Falls Church, Virginia. Loan production offices are also located in Centreville and Manassas, Virginia and Martinsburg, West Virginia.
The Bank’s web site, www.acaciafederal.com offers interactive online banking for individual and business customers. Boasting a 3-star health rating, Acacia Federal guarantees more of what you really want from your investment in a Certificate of Deposit. Their best rates now are at 1.10% APY on their 24-Month CD, at 1.15% APY on their 36-Month CD, and at 1.45% APY on their 48-Month CD. These are effective on October 24, 2011. Their minimum deposit is only $500.
You may also select the term or maturity that’s best for you from CDs good for 3 months through 5 years. You have two options to choose from: Either interest can be sent to you monthly, quarterly or semiannually, or interest can be compounded daily and can be paid to your account quarterly, paying “interest-on-interest” until maturity. Furthermore, there is no fee to open or maintain a CD on Acacia Federal Savings Bank. However, a penalty may be imposed for early withdrawal.
If you are interested, complete the online banking application form, then send them your check or wire transfer your funds. Wire transfer to and from Acacia Federal Bank is free for online banking customers.
You can also call their Customer Service telephone number at 1-800-950-0270 for further assistance.
