Century Bank Direct Offering 2.25% APY 15-Month CD

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Century Bank Direct is offering a 15-Month CD that pays 2.25% APY. It is also offering several other competitive products including a 2.09% APY 10 month CD and a 2.35% APY 20 month CD.

Century Bank Direct is offering a 15-Month CD that pays 2.25% APY. That compares favorably with the best 12-month and 18-month CD rates.  It is also offering several other competitive products including a 2.09% APY 10-month CD and a 2.35% APY 20-month CD.

The CDs have a minimum deposit of $1,000 to open and a maximum deposit amount of $100,000. It's odd having a maximum deposit rate so far below the FDIC insurance limit, especially when rates are so low, but that's what it is.

Account Opening and Funding

Accounts can only be opened via an online application. Once the account is opened, you will asked to mail a copy of your driver's license and some other form of ID along with the signature card. Funding can be done online via an ACH pull from your primary checking account.  Other key information about their CD accounts include:

  • Interest paid monthly
  • CD redeption can be done via messaging from within online banking or via online redemption form.
  • 10 day grace period when CD matures

Century Bank Direct is a division of Century Bank of Kentucky. Bauer Financial gives Century Bank of Kentucky 2 out of 5 stars (Problematic) for its safety and soundness. The bank has two branches with 37 employees and $116.9 million in assets. That's small even by community bank standards. Century Bank of Kentucky is FDIC Insured.

Credit for this find goes to BankDeals.

 

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Today's Highest Online CD Rates

Bank Product Term Interest Rate (APY)
Navy Federal Credit Union 1-Year 0.85% APY with $100,000 minimum
Primary Bank 1-Year 0.80% APY with $1,000 minimum
Gateway First Bank 1-Year 0.75% APY with $25,000 minimum
Primary Bank 3-Year 1.00% APY with $1,000 minimum
USAA Federal Savings Bank 3-Year 0.91% APY with $175,000 minimum
Comenity Direct 3-Year 0.85% APY with $1,500 minimum
Primary Bank 5-Year 1.30% APY with $1,000 minimum
Navy Federal Credit Union 5-Year 1.25% APY with $100,000 minimum
USAA Federal Savings Bank 5-Year 1.11% APY with $175,000 minimum

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