Citizens Bank of Rogersville CD Rates

The Citizens Bank of Rogersville makes its home in Rogersville, Missouri. This bank is concerned with treating its customers as well as they deserve to be treated and offering a comprehensive approach to building wealth, as well as managing wealth. The bank looks at the needs and aspirations of its customers and helps to point them in the right direction to realize their dreams.  

The Citizens Bank of Rogersville makes its home in Rogersville, Missouri. This bank is concerned with treating its customers as well as they deserve to be treated and offering a comprehensive approach to building wealth, as well as managing wealth. The bank looks at the needs and aspirations of its customers and helps to point them in the right direction to realize their dreams.  

You may have heard of a certificate of deposit (CD) and are left wondering if it is well suited to your needs or not. CDs as they are often shortened to are investments that are classified as low risk and safe. If you are looking for a guaranteed return on your money and are fine with your money not being accessible to you for a period of time then this type of investment can be ideal.

The terms for a CD vary at the Citizens Bank of Rogersville. There are short-term CDs such as 3 and 6 month ones but there are also long-term ones such as 24 months and 36 months. The longer term certificates of deposit will earn you a higher percentage of interest. It is up to you which term length is most appropriate for you.

Here is the most current Citizens Bank of Rogersville CD rates as of July 13, 2010:

•    3 Month Term- Rate of .70%, APY of .70%
•    6 Month Term- Rate of 1.00%, APY of 1.00%
•    12 Month Term- Rate of 1.30%, APY of 1.31%
•    24 Month Term- Rate of 1.70%, APY of 1.71%
•    36 Month Term- Rate of 1.70%, APY of 1.71%
•    IRA – Rate of 1.85%, APY of 1.86%

For those unfamiliar with the terms given above, the term of the certificate of deposit is the length of time it lasts for. The rate means the interest rate while APY stands for annual percentage yield. When the term comes to an end it is called the maturity date (or date of maturity).

Before you open a CD account it really important that you look over all of the terms available and pick the most appropriate one for your life and your goals. If you decide to withdraw all of your money or even a small portion of it out of the CD account before it matures then you will be subject to penalty fees. This is something that is enforced very strictly at most every financial institution. The penalty will be a forfeiture of some of your interest earnings. The principal of your money will be left intact however. To avoid this unpleasant scenario you need to choose the term that is most suitable for you as wisely as can be. Think it through before you lock in the term!

To learn more about CDs and the Citizens Bank of Rogersville CD rates visit the website found at http://www.cbofr.com/.