Looking for a CD investment where you can pick your own term with high APY? Pacific Trust Bank is running a special offer where customers can pick their own CD terms for a limited time only.

Interested customers can pick a CD term of their own choice or pick the maturity date of their CD investment and still obtain high APYs as long as the periods chosen are within the periods 6 to 18 months. When a customer opens a new CD account with $5,000 or more during the limited time special offer period, the customer will earn 2.00%APY if the CD term is within the periods 6 to 11 months. If the CD term chosen is within the 12 to 18 months maturity period, the customer will earn 2.30%APY.

This special offer which took effect on May 1, 2009 remains in effect until today but subject to change. Interest is compounded and paid monthly but a substantial penalty may be imposed for early withdrawal.

The “Pick Your Term” CD special offer is also made available by the bank for IRA Accounts. Pacific Trust Bank deposits are FDIC insured up to $250,000 per depositor.

Update: Pacific Trust Bank pick your term CD special offer rates are down by 0.10%APY for its 6 to 11 months term in its rate update of 6/8/2009. The 6 to 11 months pick your term CD special offer is now 1.90%APY, was 2.00%APY in May. The same is true for its 12 to 18 months pick your term CD special offer which is also down by 0.10%APY. It is currently at 2.20%APY, was 2.30%APY in May.

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