CNBBankDirect.com with 3.50% APY High Yield Savings
The CNBBankDirect.com encourages consumers to take advantage of their High Yield Savings Account program that gains 3.50% APY and earns interest after opening it with just $1.
Customers of other banks can take advantage of the program since there is no need to switch banks. Other non-CNBBankDirect savings or checking accounts can be linked to the high yield savings account.
This program gives account holders a chance to take advantage of the CD like rate without the long term commitment. Any time the need arises, the account holder can withdraw his money back to the other account.
The savings account does not impose any monthly service fees and the consumer can access the account online 24/7. According to the FAQ the cap for this account is $1 million.
Application can be done online through their secured portal. The bank may require a copy of proof of ID like a driver’s license or any state or local ID issued in the US.
The rate printed posted on the website was last updated 12/17/08. It will be best to call the customer service line of the bank to verify any changes.
The CNBBankDirect.com operates under the umbrella of Citizens National Bank headquartered in Bluffton, Ohio. The bank has been operating since the 1920s and has a declared asset of $481 million.
The bank has physical offices in Ohio specifically Springfield, Findlay, Celina, Van Wert, Elida, Lima, and Bluffton.
The Citizens National Bank is FDIC insured with certificate # 6531.
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