North American Savings Bank offers their top cd rates for two attractive certificate of deposit specials. They have a 10-month CD that earns 2.05% APY and a 17-month money in the bank deal with their best cd rates of 2.65% APY.

These highest cd rates can be enjoyed by opening an account with an initial deposit of at least $1,000. These certificate of deposit rates are listed as of April 20 and they were also recently advertised on Kansas City Star, so we hope the cd rates will last for a while. Earnings compounds on a daily basis.

Interested individuals can open an CD account online but these certificate of deposit specials are not listed on the application. We asked the bank for instructions, we were told that you can select the 12-month CD offer on the form then call the bank through 816-316-400 and press option 3 so you can instruct the bank which CD term you would like to take. You can also email the bank so they can process the application properly.

The website does not disclose the fees which may affect your earnings. You might want to ask about this in detail from the bank before signing up for anything.

The regular CD offerings of the bank are also competitive. The most attractive regular cd interest rate is the 2.05% APY offered for the 24-month term. The 12 months earn 1.05% APY; 36 months get 2.50% APY; and 48 months yields 2.75% APY. These CDs can also be opened as Individual Retirement Accounts.

You may also want to consider opening their E-checking which may come handy upon maturity of your CD. You can call the bank through 800-677-6272 if you need any help with regard to their products or services.

North American Savings Bank operates branches spread across the metro area of Kansas City.

The financial ratings of the bank are quite strong. Bankrate.com issues 4 stars for its good performance based on their September 2009 data. BauerFinancial also stamps their soundness and safety evaluation with 4 stars using their December 2009 collected data as reference.

North American Savings Bank is insured with the FDIC through certificate #29708. They have been registered since 1940.

If you are wondering how this bank’s interest rates compare to other banks, the 9-month CD’s top nationwide interest rate is about 1.41% APY as of Apil 18. The best 18-month certificate gains 1.79% APY. These deals are being offered with banks that have lower to poor financial ratings.