American Fork Bank . headquartered in Utah invites consumers to take advantage of their certificate of deposit special money in the bank deals. They have a 17-month term CD which earns 2.30% APY. Another attractive offering is for 2.50% APY on a 35-month term.

These top cd rates can be enjoyed with a minimum opening deposit of $5000 and a requirement for a checking account. These special cd offers also renew to a lower tier upon discontinuation of the promo.

According to the bank’s website these top cd rates are updated on a weekly basis. One downside that should be highlighted is that they have variable rate accounts which mean that the interest rate can change after an account has been opened.

Interested individuals can open an account by visiting a branch of the bank. It will also be best to inquire about the factors which may affect the earnings of the CD like early withdrawal fees which are not clearly stated on their website.

Bank of American Fork has several offices in Utah particularly in Spanish Fork, Orem, Pleasant Grove, American Fork, Alpine, Saratoga Springs, Lehi, Highland, Riverton, Draper, Sandy, and Murray.

The bank has a good rating for soundness and safety. Both Bankrate.com and BauerFinancial issued 3 stars when they used their March 2009 data to evaluate the bank.

Bank of American Fork is covered by the FDIC through certificate number 12773. They have been indexed with the FDIC since 1934.