Country Bank for Savings CD Rates

By: EconomyWatch Content Team   Date: 16 July 2010

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If you are looking for a bank with that homey comfy feeling to it that has plenty of financial products and services to offer you then you need to look no further than the Country Bank for Savings. This bank is an independent bank that is full service in terms of its products and services. It is also focused on the community at large and developing the best working relationships with their customers that it possibly can in order to keep customers coming back time and time again.

A certificate of deposit (CD) is a worthwhile way to save your money for a specified span of time and to earn interest on it. CDs can grow your money much faster and to a greater extent than can savings accounts. The Country Bank for Savings CD rates are very good and are above market value in relation to the rates offered at other banks and credit unions.

All non-interest bearing bank accounts at the Country Bank for Savings are insured by the Federal Deposit Insurance Corporation (FDIC) for the entire amount of the account. All bank accounts are insured up to $250,000 per person until the last day of 2013. With the start of 2014 the amount that is insured will be reduced to $100,000.

To open a CD at the Country Bank you require an opening balance of $500. The Savings and IRA certificate is the most basic and elementary of CDs that you can purchase through the bank. However the bank does offer an array of CDs. You need to first decide which type of certificate of deposit is most in line with your financial goals and your financial timeline. 

At the Country Bank for Savings (CBS) you can open a two month (60 day) certificate of deposit (CD) account. To open this account you require a minimum deposit that can be as little as $500 to as much as $25,000. For those wishing to open a two month CD for a larger amount of money there is another one that can be opened with a deposit that ranges anywhere from $25,000 to $50,000.

The Country Bank for Savings CD rates can offer you rates that you cannot find anywhere else. The 6 Month Relationship Certificate is a popular choice. If you wish to qualify for this certificate then you must agree to maintain a balance of $1,000 or more in your checking account on a monthly basis. The same is the case if you decide to open a 15 Month Relationship Certificate. 
 


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