Community Bank of Raymore CD Rates

If you are looking for that community feeling and you live in the areas of Raymore, Peculiar, Harrisonville or Archie then you have found it at the Community Bank of Raymore. Whether you wish to open a checking account, savings account, a certificate of deposit or an IRA this is an excellent choice for a financial establishment.

If you are looking for that community feeling and you live in the areas of Raymore, Peculiar, Harrisonville or Archie then you have found it at the Community Bank of Raymore. Whether you wish to open a checking account, savings account, a certificate of deposit or an IRA this is an excellent choice for a financial establishment.

The Community Bank of Raymore CD rates are very competitive and offer high yields for your money. All CDs are insured up to the amount of $250,000 by the FDIC up until December 31, 2013. The start of the new year in 2014 will see the total amount per depositor reduced down to $100,000.

All certificates of deposit through the Community Bank of Raymore have fixed interest rates and a maturity date that is set before the term for the CD begins. CDs through this banking institution are flexible and come with plenty of security thanks to the insurance provided, as previously mentioned, by the FDIC. The principal of your money will never go down but your change for interest earnings is great!

The terms for a CD through the Raymore Bank ranges from 30 days (which is a much shorter duration than most banks offer) to four years. There is neither a start up fee nor any maintenance fee and the CD will automatically renew if you do not let the bank know that you wish to do otherwise with it, such as to redeem it.

The minimum deposit required to open a CD account is $500 and there is a stiff penalty if you decide to withdraw your money early. The penalty is three months worth of interest earnings or $50 (whichever happens to be higher at the time). Check the current Community Bank of Raymore CD rates to learn more.  

The Raymore Bank also offers a Rate Watcher CD account which is geared towards those who have a high balance to maintain and yearn for rate flexibility. In order to open this type of account you must start it with a minimum balance of $5,000. The terms you can choose from are 15 months and 27 months. You are permitted to increase your rate one time during the term of the CD if the Rate Watcher interest rates happen to go up during the same term that you have. Just as with the regular type of CD deposit the penalty for early withdrawal is three months worth of interest.

To learn more about the Community Bank of Raymore CD rates visit them online at http://www.cbronline.net/.