Crestmark Bank is once again offering CDs with some competitive rates. The most competitive CD is a 3-month CD which has a rate of 3.85%. The other terms are also fairly competitive. These include a 3.60% 30-day CD, a 3.65% 60-day CD, a 3.90% 180-day CD, a 3.95% 270-day CD and a 4.20% CD for terms of 1 year and longer. The minimum deposit is $25,000, and the maximum is $200,000. They do not compound interest so only APR is listed.

Crestmark recently added a CD FAQ page which has many of the CD details. They also improved their CD application which used to be an Excel document. It’s now a PDF document. The FAQ says you can either email, mail or fax the application. I’m not sure if email would be secure. The funds can be sent by check or wire transfer.

The bank is based in Troy, Michigan. Crestmark’s financial rating at Bankrate had a big drop this year going from 4 stars based on 12/31/07 data to 1 star (lowest) based on 3/31/08 data. It still has 3.5 stars (good) at BauerFinancial based on 3/31/08 data.