Vast Bank, based in Oklahoma, is currently offering a highly competitive 6-month CD Special with a market-leading 5.75% APY.
The offer is potentially available nationwide, adding to its appeal for a broad range of savers.
This limited-time offer requires a minimum deposit of $2,500 and accepts deposits up to $10 million per person or business.
Vast Bank Offer
Key features of the 6-month CD Special include:
- An Annual Percentage Yield (APY) of 5.75%.
- A minimum deposit requirement of $2,500.
- A maximum deposit limit of $10 million per person or business.
- The CD is also available as an IRA CD Special (Traditional, Roth) with the same APY and deposit requirements.
Availability
While Vast Bank primarily serves the Oklahoma counties of Rogers, Tulsa, and Wagoner, this offer might be available nationwide.
Out-of-state account openings can be initiated through the “Contact Me” form on Vast Bank’s website but may require additional email or snail-mail communication.
Funding and Other Particulars
- Funding options include ACH, wire transfer, cashier’s check, or internal transfer.
- The only method for out-of-state accounts to fund or receive maturing CD funds is via wire transfer.
- Early Withdrawal Penalty is equivalent to 3 months of interest, and the principal is not protected in case of early closure.
- Interest is compounded daily and credited monthly, with the option to withdraw interest without penalty.
Bank Overview
Vast Bank was established in 1982 by businessman Robert Biolchini.
Vast Bank rebranded in 2019 and is one of the few remaining independent banks in northeastern Oklahoma.
Notably, Vast Bank had ventured into offering crypto services but recently announced the discontinuation of this venture.
Our Take on the Offer
The Vast Bank 6-month CD Special is a standout option for those seeking short-term investments with high returns.
The exceptionally high APY of 5.75% coupled with the flexibility of a relatively low minimum deposit makes this offer particularly attractive.
The potential for nationwide availability further enhances its appeal, although the process for out-of-state account opening may require some additional steps.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
Unlock Your Trading Potential with Interactive Brokers – Click Here to Learn More!
