Focus Bank is pushing for their best interest rate certificate of deposit account. This money in the bank deal has the following interest rates:

7 months 1.10% APY
14 months 1.26% APY
19 months 1.61% APY
37 months 2.07% APY

You are required to deposit a minimum of $1000 to open an account. In case you decide to withdraw money before the maturity date, you will have to pay for a penalty. For instance, if your CD is 12 months and below it will be equivalent to 1 month’s interest. If your CD is 13 to 35 months, then the penalty will be equivalent to 3 months interest. Lastly, if your CD is 36 months and above the penalty is equivalent to 6 months interest.

The good thing about this is that there is no monthly maintenance fee on this type of online CD account. The earnings of this top cd rate is compounded and paid on a quarterly basis. Please be reminded that the interest rates are subject to change without notice, so make sure to always check for the latest CD rates.

Consumers who want to take advantage of this best interest rate certificate of deposit must at least be a resident of the states of Illinois, Tennessee, Kentucky, Arkansas, and Missouri. You may complete the application online to open an account. If you have concerns or questions with regard to eligibility you may call customer service thru 800-464-3150. In case you decide to close your account, you also need to process it online.

Focus Bank has several branches located in the state of Arkansas and Missouri.

The bank started its business in 1930. Currently, Focus Bank has over $609 million in declared assets and also considered as one of the largest bank in the state of Missouri. They are also a member of the Federal Deposit Insurance Corporation with certificate number 1426.