This Community Bank CD rates September Review 2011 has uncovered once again a financial institution that has lowered its CD rates since we last visited their establishment. For clarification this Community Bank is located in Nevada, Iowa.
At one time this year the Community Bank had some of the highest CD rates in the nation for investing your money. To obtain the certificates of deposits you must make a deposit of $1,000. These CD rates are only available to the local market. Unfortunately the definition of just what the local market is has not been made clear.
The reduction in the CD rates is between 0.25% and 0.50% over the different terms being offered.
The current bank CD Rates include the 6 month CD that is earning an APY of 0.75%. The 9 month CD is earning an APY of 1.00%. The 1 year CD is earning an APY of 1.00%.
The 18 month CD is earning an APY of 1.00%. The 2 year CD is earning an APY of 1.25%. The 3 year CD is earning an APY of 1.25%.
The 4 year CD is earning an APY of 2.00%. The best CD rates are from the 5 year CD that is earning an APY of 2.00%.
The CD rates are not guaranteed by the Community Bank until a deposit is made at the bank. Unlike most other financial institutions this bank does not allow any early withdraw of the funds placed on deposit in their CDs.
The deposits do earn interest that is compounded on a daily basis for 365 days a year.
These Community CD rates were posted on June 1, 2011 and were still current as of September 30, 2011, but are still subject to change without any prior notice.
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.
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