5.98% 30-Month CD at a Virginia Bank (Farmers)

Farmers Bank is offering a 5.98% APY 30-month special certificate of deposit. The minimum is $5K. The bank also has a competitive rate on its standard 60-month CD of 5.88% APY which has a $1K minimum.

Branches are located in Windsor, Smithfield, and Suffolk, Virginia. According to the bank representative, they do not offer products to people out of state.

The bank has been FDIC insured since 1934. Bankrate.com gives the bank a financial rating of 4 out of 5 stars (sound).