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Kentucky CD Rates 2016

Below are the best one year CD Rates from banks in Kentucky. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

KY - December 5, 2016

1 Year CD National Average : 0.38% ?

Bank APY MIN MILES ?
Bank Of Edmonson County 0.85% $100,000 -
First State Bank, Inc. 0.81% $10,000 -
1st Trust Bank, Inc. 0.80% $500 -
American Bank & Trust Company, Inc. 0.80% $1,000 -
The First National Bank Of Jackson 0.75% $2,500 -
First Federal Savings And Loan Association 0.75% $1,000 -
Peoples Bank And Trust Company Of Clinton County 0.75% $100,000 -
Armed Forces Bank, National Association 0.75% $500 -
Peoples Bank & Trust Company Of Hazard 0.70% $500 -
Bank Of Hindman 0.70% $1,000 -
First Federal Savings And Loan Association 0.70% $1,000 -
Eclipse Bank, Inc. 0.70% $1,000 -
King Southern Bank 0.70% $1,000 -
Bank Of Edmonson County 0.70% $500 -
The Sacramento Deposit Bank 0.65% $100,000 -
Peoples Bank And Trust Company Of Clinton County 0.65% $500 -
Field & Main Bank 0.65% $500 -
Heritage Bank Usa, Inc. 0.65% $1,000 -
First Security Bank 0.60% $1,000 -
Citizens Federal Savings And Loan Association 0.60% $1,000 -
Green Bank, National Association 0.60% $1,000 -
Home Savings Bank, Fsb 0.55% $500 -
Citizens Union Bank Of Shelbyville 0.55% $2,500 -
The Farmers National Bank Of Scottsville 0.55% $250 -
The Murray Bank 0.55% $1,000 -
American Bank & Trust Company, Inc. 0.55% $1,000 -
Edmonton State Bank 0.55% $1,000 -
Metro Bank 0.50% $100,000 -
First State Bank 0.50% $100 -
Meade County Bank 0.50% $100 -
King Southern Bank 0.50% $1,000 -
United Community Bank Of West Kentucky, Inc. 0.50% $500 -
The First National Bank Of Russell Springs 0.50% $500 -
Citizens Bank & Trust Company 0.50% $500 -
Magnolia Bank, Incorporated 0.50% $500 -
The Farmers Bank Of Milton 0.50% $100,000 -
Planters Bank, Inc. 0.50% $2,500 -
Dixon Bank 0.50% $40,000 -
Commonwealth Bank And Trust Company 0.50% $500 -
Citizens Bank & Trust Co. Of Jackson 0.50% $2,500 -
Victory Community Bank 0.50% $500 -
Citizens First Bank, Inc. 0.50% $500 -
River City Bank, Inc. 0.50% $100 -
Franklin Bank & Trust Company 0.50% $100,000 -
Bank Of Clarkson 0.50% $500 -
Bank Of Buffalo 0.50% $1,000 -
Guardian Savings Bank, A Federal Savings Bank 0.50% $500 -
Stock Yards Bank & Trust Company 0.50% $500 -
City National Bank Of West Virginia 0.50% $500 -
Fifth Third Bank 0.45% $100,000 -
Bank Of Jamestown 0.45% $500 -
The Citizens Bank 0.45% $500 -
Peoples Bank & Trust Company 0.45% $1,000 -
The First National Bank Of Carrollton 0.45% $1,000 -
Kentucky Farmers Bank Corporation 0.45% $1,000 -
First Farmers Bank And Trust Company 0.45% $1,000 -
Kentucky Federal Savings And Loan Association 0.45% $250 -
Carrollton Federal Bank 0.45% $1,000 -
Bluegrass Community Bank 0.45% $500 -
American Savings Bank, Fsb 0.45% $500 -
Metro Bank 0.45% $200 -
Louisa Community Bank 0.44% $500 -
First Kentucky Bank, Inc. 0.41% $50,000 -
The Sacramento Deposit Bank 0.40% $1,000 -
Community Trust Bank, Inc. 0.40% $100,000 -
The Farmers Bank 0.40% $500 -
The First National Bank Of Manchester 0.40% $100,000 -
Independence Bank Of Kentucky 0.40% $1,000 -
First Federal Savings And Loan Association 0.40% $500 -
Farmers Deposit Bank 0.40% $2,500 -
First Guaranty Bank 0.40% $1,000 -
Bank Of Lexington, Inc. 0.40% $500 -
The Cecilian Bank 0.40% $1,000 -
The Farmers Bank Of Milton 0.40% $500 -
Peoples Bank 0.40% $1,000 -
Reelfoot Bank 0.40% $1,000 -
Winchester Federal Bank 0.40% $500 -
First Federal Savings Bank Of Kentucky 0.40% $500 -
Franklin Bank & Trust Company 0.40% $1,000 -
Security Bank And Trust Co. 0.40% $100,000 -
United Citizens Bank Of Southern Kentucky 0.40% $500 -
Peoples Bank Of Kentucky, Inc. 0.40% $1,000 -
Hyden Citizens Bank 0.38% $1,000 -
Town Square Bank 0.37% $500 -
South Central Bank, Inc. 0.35% $500 -
Central Bank & Trust Co. 0.35% $500 -
Citizens Bank Of Kentucky, Inc. 0.35% $2,000 -
Farmers Deposit Bank Of Middleburg, Inc. 0.35% $1,000 -
Bank Of Columbia 0.35% $500 -
Central Bank Of Jefferson County 0.35% $500 -
Farmers State Bank 0.35% $1,000 -
The Casey County Bank, Inc. 0.35% $500 -
Bank Of The Bluegrass And Trust Company 0.35% $500 -
The Citizens National Bank Of Somerset 0.35% $1,000 -
Heritage Bank, Inc. 0.35% $500 -
Springfield State Bank 0.35% $500 -
Citizens Guaranty Bank 0.35% $10,000 -
Citizens Commerce National Bank 0.35% $100,000 -
Pinnacle Bank, Inc. 0.35% $1,000 -
Century Bank Of Kentucky, Inc. 0.35% $500 -
United Cumberland Bank 0.32% $1,000 -
First Community Bank Of The Heartland, Inc. 0.31% $500 -
Peoples Bank And Trust Company Of Madison County 0.30% $500 -
Security Bank And Trust Co. 0.30% $500 -
Auburn Banking Company 0.30% $500 -
Clinton Bank 0.30% $10,000 -
Jackson County Bank 0.30% $1,000 -
West Point Bank 0.30% $100 -
First State Financial, Inc. 0.30% $1 -
First National Bank And Trust 0.30% $1,000 -
The Salyersville National Bank 0.30% $500 -
Hancock Bank & Trust Company 0.30% $500 -
The Lincoln National Bank Of Hodgenville 0.30% $500 -
Commercial Bank 0.30% $500 -
Citizens Commerce National Bank 0.30% $1,000 -
First & Peoples Bank And Trust Company 0.30% $100,000 -
Bedford Loan & Deposit Bank 0.30% $500 -
The Citizens National Bank Of Lebanon 0.30% $1,000 -
Sebree Deposit Bank 0.30% $500 -
Peoples Exchange Bank 0.30% $1,000 -
Traditional Bank, Inc. 0.30% $1,000 -
The First National Bank Of Brooksville 0.30% $1,000 -
Lewisburg Banking Company 0.30% $1,000 -
Inez Deposit Bank 0.30% $1,000 -
Morgantown Bank & Trust Company, Incorporated 0.30% $500 -
Cumberland Valley National Bank & Trust Company 0.30% $1,000 -
First & Farmers National Bank, Inc. 0.30% $500 -
South Central Bank, Inc. 0.30% $1,000 -
Whitaker Bank 0.30% $500 -
United Southern Bank 0.30% $500 -
The First National Bank Of Manchester 0.30% $500 -
Taylor County Bank 0.30% $1,000 -
Community Trust Bank, Inc. 0.30% $1,000 -
South Central Bank, Inc. 0.29% $100,000 -
Farmers & Traders Bank Of Campton 0.27% $500 -
Farmers Bank And Trust Company 0.25% $1,000 -
Central Bank Of Jefferson County 0.25% $2,500 -
German American Bancorp 0.25% $1,000 -
Citizens Bank 0.25% $1,000 -
The First National Bank Of Williamson 0.25% $100,000 -
Clinton Bank 0.25% $500 -
The First National Bank Of Grayson 0.25% $100,000 -
Republic Bank & Trust Company 0.25% $1,000 -
Peoples Bank 0.25% $500 -
The Farmers National Bank Of Lebanon 0.25% $500 -
The Citizens National Bank Of Somerset 0.25% $1,000 -
First & Peoples Bank And Trust Company 0.25% $1,000 -
Dixon Bank 0.25% $1,000 -
Old National Bank 0.25% $10,000 -
The Monticello Banking Company 0.25% $500 -
Traditional Bank, Inc. 0.25% $1,000 -
Cumberland Security Bank, Inc. 0.25% $1,000 -
Fredonia Valley Bank 0.25% $1,000 -
South Central Bank, Inc. 0.25% $500 -
Central Bank & Trust Co. 0.25% $2,500 -
Bank Of Cadiz And Trust Company 0.25% $500 -
South Central Bank, Inc. 0.24% $1,000 -
Kentucky Bank 0.24% $2,500 -
Pnc Bank, National Association 0.22% $100,000 -
Community Trust Bank, Inc. 0.20% $1,000 -
The Paducah Bank And Trust Company 0.20% $5,000 -
Branch Banking And Trust Company 0.20% $10,000 -
The Commercial Bank Of Grayson 0.20% $1,000 -
Hometown Bank Of Corbin, Inc. 0.20% $1,000 -
Wesbanco Bank, Inc. 0.20% $1,000 -
Home Federal Bank Corporation 0.20% $2,500 -
Fnb Bank, Inc. 0.20% $1,000 -
Citizens Bank Of Northern Kentucky, Inc. 0.20% $500 -
First Financial Bank, National Association 0.20% $500 -
The First National Bank Of Grayson 0.20% $500 -
Pnc Bank, National Association 0.20% $100,000 -
Commercial Bank 0.20% $500 -
Commonwealth Community Bank, Inc. 0.20% $500 -
Wilson & Muir Bank & Trust Company 0.20% $1,000 -
Forcht Bank, National Association 0.20% $500 -
The First Commonwealth Bank Of Prestonsburg, Inc. 0.20% $500 -
United Bank & Trust Company 0.20% $500 -
First United Bank And Trust Company 0.20% $500 -
Farmers Bank & Capital Trust Company 0.20% $500 -
The First Capital Bank Of Kentucky 0.20% $500 -
First Citizens Bank 0.20% $500 -
Town & Country Bank And Trust Company 0.20% $1,000 -
The First National Bank Of Williamson 0.20% $500 -
First Harrison Bank 0.20% $2,500 -
Peoples Exchange Bank 0.20% $1,000 -
Banterra Bank 0.20% $1,000 -
Community Financial Services Bank 0.20% $1,000 -
Pnc Bank, National Association 0.18% $10,000 -
Pnc Bank, National Association 0.17% $10,000 -
Farmers Bank And Trust Company 0.16% $500 -
Citizens Deposit Bank & Trust 0.15% $500 -
Mainsource Bank 0.15% $100,000 -
The Peoples Bank 0.15% $500 -
The Farmers National Bank Of Danville 0.15% $500 -
Branch Banking And Trust Company 0.15% $100,000 -
The Bank Of Harlan 0.15% $1,000 -
South Central Bank, Inc. 0.15% $100,000 -
The Peoples Bank 0.15% $500 -
Woodforest National Bank 0.15% $500 -
Mainsource Bank 0.10% $1 -
First Southern National Bank 0.10% $500 -
Branch Banking And Trust Company 0.10% $10,000 -
U.s. Bank National Association 0.10% $10,000 -
The Huntington National Bank 0.10% $10,000 -
Fifth Third Bank 0.10% $10,000 -
First Kentucky Bank, Inc. 0.10% $500 -
Pbk Bank, Inc. 0.09% $2,000 -
Bank Of Maysville 0.05% $500 -
Regions Bank 0.05% $500 -
Jpmorgan Chase Bank, National Association 0.01% $10,000 -

BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2016

A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

CD Terms

The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.

CD Risk

Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.

Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.

How Interest is Paid

The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.

Interest Rate

Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch bank are:

  • Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
  • CDs provide a predictable, set rate of return.
  • Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of branch-based CDs are:

  • The deposited money is committed for a certain period of time and can only be withdrawn with substantial penalties.
  • One year CDs from branch banks often pay less interest than from online banks. Please see those rates here.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, you visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

SAVINGS & CD BOOSTER CALCULATOR

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  • Max

    June 07, 2016

    The Chase rates are not correct, in fact Chase never heard of these rates, if they are correct please inform Abilene and Dallas, I could use the rate as small as it may be, but better than most, if they exist. Thanks

  • joan

    June 06, 2016

    florida community bank 1.40% -9 months good all of june 2016

  • Tammie H.

    April 19, 2016

    Hello,

    I was just wondering if the rates posted on this site were current?

    I noticed at the top it does have todays date.

    Thank you.

  • boo

    April 13, 2016

    rates suck

  • Dan

    March 14, 2016

    The local offerings are there. Just put in your zip code. Click the link that says: Change zip.

  • F Jamees

    March 14, 2016

    Where are the local offerings of 71913. They use to be for local banks, we miss them. F James

  • Larry Triemer (ltriemer@yahoo.com)

    March 02, 2016

    I stopped receiving my weekly bank rates and wanted you to resume sending them. I registered today, again, using my work e-mail and would like for you to send them to the abovementioned e=mail address.

    Thank you,

    Larry Triemer+

  • jim

    February 12, 2016

    bank of Ontario (Ontario wi) offering 1 year ira cd for 1.9%

  • mike

    February 07, 2016

    Why can banks 100 miles away offer rates 5 to 6 time higher on a one year CD , seems banks and or there management in this area simply refuse to be competitive and show no respect for the people , neighbors and area they live and work in.

  • Braun

    December 30, 2015

    @Brian. Click the tabs at the top. You can choose the rate term you want.

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