Top CD rates with Century Bank Direct, 2.25% APY for 15-month deal and 1.09% APY for 10-month CD
Century Bank Direct is pushing for their best money in the bank deals giving the highest cd rates:
1.70% APY 5 month
2.09% APY 10 month
2.25% APY 15 month
2.35% APY 20 month
You can enjoy the top cd interest rates by opening the account with a minimum funding of $1000. The bank sets a ceiling of $100,000 for your deposits. The interest rate is paid on a monthly basis and you have an option to setup an automatic transfer to an outside account.
Interested consumers can sign-up for an account using the bank’s online form. You can complete everything in about 10 minutes according to the website.
The interest rates that we have here are accurate as of 18 November but these may be changed any time. Once the account matures, account holders are given 10 days to decide if they want to roll the money or withdraw the proceeds. There is also a cd redemption form that you can also complete online to close the account.
The bank imposes early withdrawal fees of as much as 180 days of earnings for CD with terms of over 12 months, and 90 days of interest for CDs that have shorter terms.
Century Bank Direct operates under the umbrella of Century Bank of Kentucky Inc. Their mother company is headquartered in Central Kentucky. It is a relatively small bank that has a declared asset of $116.9 million and about $100.3 million in terms of deposits.
The financial ratings of the bank are a bit weak with both Bankrate.com and BauerFinancial issuing 2 stars for its soundness and safety. Be wise and stay within the limits of the FDIC.
The bank is insured by the FDIC with certificate number 35460.
You can be earning hundreds or even thousands of dollars a year in CD investments, money market, and cash back credit cards. Subscribe to our free newsletter below to learn how to maximize your rewards, improve your credit, and make money!
