MidAmerica Bank is offering a 5.25% APY 48-month certificate of deposit. The minimum deposit is $10,000. The CD is available for regular and IRA funds. This rate may vary by state. At the top of the rate table, you can select your state. I’ve checked a few states and all show 5.25% APY for the 4-year CD.

The bank is also offering a pretty competitive money market account with a yield of 4.75% APY on balances over $10K.

The “apply” link in the rate table opens up a PDF application that must be printed and mailed. However, if you go to the bank’s home page, there’s an “open a new account online” link on the left hand side. The online application allows you to select the 5.25% 4-year CD. According to the application instructions, the account can be funded with a credit or debit card or U.S. checking or savings account. The only requirement is that you are a US citizen or a US resident alien.

Branches are located in Wisconsin and Illinois. Bankrate.com’s review gives MidAmerica a 3/5 star rating.

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