In the comments section for Home Savings (the official name of the bank is The Home Savings and Loan Association of Youngstown, Ohio), some visitors questioned whether the 3.00% APY 12-month CD listed on BestCashCow was valid. It seems almost too good to be true. We checked it out and the rate is valid. This is easily the best 12-month CD rate available in the country. For comparison, the best 1 year online CD rate is 1.23% APY and the average rate for this term is 0.35% APY.
The CD can only be opened at select branches including Chardon, Aurora, Salem, and Streetsboro. The rate is only good with new money deposited into the bank.
Home Savings branches are located in Northeast Ohio. The bank was established in 1889 and has assets of $1.8 billion. Home Savings is an FDIC insured institution.
If you live anywhere near a Home Savings branch then it makes sense to give them a call or pay them a visit and see if they offer the special rate.
Don't live near a Home Savings bank? BestCashCow lists plenty of above-average online and local rates you are eligible to open.