Updates

Seattle, WA – November 17, 2022 – Seattle Bank, a digitally-driven local bank, announced the launch of CD Valet, a consumer-focused website highlighting the most relevant and competitive certificate of deposit (CD) rates across five western states, with plans to expand nationally. CD Valet is the one source of truth for CDs, showing the most relevant and competitive rates without bias since CD Valet does not accept promotional dollars.

As inflation and interest rates continue to rise, CDs have come back around as an attractive investment choice, providing a guaranteed rate of return and keeping the principal investment safe, with the benefit of federal deposit insurance. However, when it comes to CD rate shopping on current comparison websites, consumers are often unaware of the breadth of alternatives available, particularly when it comes to local rates. While community banks and credit unions often offer the highest rates, big banks dominate the advertising on online platforms due to their greater marketing resources. This results in skewed perceptions of the market and prevents consumers from seeing a clear picture of all available rates.

“CD investors are savvy savers, especially in today’s economic environment, and they deserve a comprehensive and unbiased view of the marketplace,” said John Blizzard, president and CEO of Seattle Bank. “That view should include the CD rates offered by local banks and credit unions, where they can often find the best returns and have the added benefit of investing in the communities where they work and live.”

CD Valet is a CD marketplace that features verified CD rates from federally insured banks and credit unions in Washington, California, Idaho, Oregon and Arizona. CD Valet gives smart savers a clear view of top rates and helps them explore high-yield CD options with reliable returns. By conducting daily rate audits and offering CD comparison tools, CD Valet helps savers explore higher-yield CD options that allow them to earn more with confidence.

CD Valet operates without credit card offers, loan products, or financial advice content, maintaining a focused experience centered exclusively on insured deposits, verified rates, and transparent CD comparison.

The CD Valet website was developed by Apexon, a digital-first technology services firm specializing in human-centric digital experiences with deep experience in the financial services and fintech industries.

To discover the best local and national rates, track your accounts and uncover better returns, visit CD Valet at www.cdvalet.com

About Seattle Bank

Ranked in the top ten percent of banks nationally for return on assets and efficiency, Seattle Bank is a locally owned and managed financial institution that provides personal, business and partner banking services. Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company. Information about Seattle Bank, its services, financial strength, and community impact is available at seattlebank.com. Member FDIC.

Contact: [email protected]