Dedicated to Deposits: Deals, Data, and Discussion

5.88% 60-Month CD at a Virginia Bank (Farmers)

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Farmers Bank is still offering a 5.88% APY 60-month special certificate of deposit. The minimum is $1,000. I had first reported on this CD in September.

Branches are located in Windsor, Smithfield, and Suffolk, Virginia. When I called last September, I was told that 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).

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