AloStar Bank of Commerce CD Rates and Bank Review

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AloStar Bank of Commerce ( member bank FDIC Cert: 59060) which is based in Birmingham, Alabama, was offering some of the best CD rates available and now are offering the highest CD rates on our 12 month certificates of deposit rate list. AloStar Bank of Commerce advertising CD rates for several different types of certificates of deposit including personal CDs, business CDs, traditional IRA CDs and Roth IRA CDs.

The best CD rates are on AloStar Bank of Commerce's personal CDs but the other types of CD accounts have very competitive CD interest rates. For example, current 12 month CD rates for personal CDs are at 1.10% with an APY of 1.11 percent. IRA CD rates on 12 month CD accounts are currently at 1.03 percent with an APY of 1.03 percent. Business CD rates on 12 month CD accounts only pay a rate and yield of 0.30 percent.



I know a CD rate and yield just above 1.00 percent doesn't look like much these days but when you compare AloStar Bank's 1 year bank CD rates to the average 12 month CD rates at banks the rate looks a lot better. The FDIC national average 1 year bank CD rate is at 0.26 percent so AloStar's rate is more than 4 times the national average.

AloStar Bank CD rates on 12 month CD acounts back in May of this year was lower at 1.05 percent with an APY of 1.06 percent. AloStar Bank recently raised the interest rates the pay on their CD accounts. Now AloStar Bank is offering the best CD bank rates on many times of CD accounts.

AloStar also now has the highest CD rates on our 2 year certificate of deposit rate list. Current 2 year bank CD rates at Alostar are averaging 1.26 percent with an APY of 1.26 percent. AlsoStar had 2 year CD interest rates at 1.15% with an APY of 1.16% up until about a week ago when the Bank raised their CD rates.

CD Rates at AlsoStar Bank of Commerce


AlsoStar Bank and Commerce Personal CD Rates and APY



  • 30 Day Rate 0.10% APY 0.10%

  • 90 Date Rate 0.45% APY 0.45%

  • 6 Month Rate 0.76% APY 0.76%

  • 9 Month Rate 0.76% APY o.76%

  • 12 Month Rate 1.11% APY 1.11%

  • 24 Month Rate 1.26% APY 1.26%


AlsoStar Bank and Commerce Small Business CD Rates and APY



  • 30 Day Rate 0.10% APY 0.10%

  • 90 Date Rate 0.15% APY 0.15%

  • 6 Month Rate 0.20% APY 0.20%

  • 9 Month Rate 0.25% APY o.25%

  • 12 Month Rate 0.30% APY 0.30%

  • 24 Month Rate 0.50% APY 0.50%


AlsoStar Bank and Commerce Traditional IRA CD Rates and APY



  • 12 Month Rate 1.03% APY 1.03%

  • 24 Month Rate 1.19% APY 1.19%

  • 36 Month Rate 1.19% APY 1.19%


AlsoStar Bank and Commerce Roth IRA CD Rates and APY



  • 12 Month Rate 1.03% APY 1.03%

  • 24 Month Rate 1.19% APY 1.19%

  • 36 Month Rate 1.19% APY 1.19%


You can see how Alostar's CD rates compare to other CD rates at banks by using our rate lists. You'll see that other CD rates at banks are not as high as AloStar's CD rates on 12 month CD accounts and 24 month CD accounts. You can find higher CD rates on other certificate of deposit terms.
 
Author: Jason P. Jones
September 11th, 2012