MBank 60 Month CD Rates 5%
Mbank in Oregon is offering a 5% CD rate on 60 month terms. This is advertised on their homepage, and will probably not last a long time with the interest rates dropping. Unlike a lot of other banks which may offer a high 4% CD rate when you open an account for $25,000 or $50,000, Mbank only requires you to open an account with a Minimum deposit of $1,000.
For those wishing to build some nice interest on this offer, you will need to open an account in one of the following Oregon locations. Portland, Gresham, Gladstone and Tigard are the cities in which Mbank is offering this deal.
Mbank has been FDIC insured since 1995 but has some weak ratings according to BauerFinancial. Mbank also offers some longer term CD rates up to 5 years should you want to make it a long stretch. As mentioned before, you will probably not want to tie up your money for long periods of time right now. But at the moment, Mbank is one of the best Oregon CD rates around. Cash in on it while you can.
