Centennial Bank Variable Rate Tiered Savings Account

Centennial Bank of Fountain Valley, California, is offering a Variable Rate Tiered Savings Account with interest compounded daily and posted monthly. Only $500 minimum opening deposit is required. Rates effective September 1, 2009 are as follows:

• 1.01%APY for balances $500 to $9,999.99
• 1.26%APY for balances $10,000 to 24,999.99
• 1.51%APY for balances $25,000 to 49,999.99
• 1.77%APY for balances $50,000 to 99,999.99
• 2.02%APY for balances $100,000 and over.

The savings account however limits only four (4) withdrawals each month. Deposits are FDIC insured up to $250,000 per depositor.

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