Dedicated to Deposits: Deals, Data, and Discussion

4.34% 12-Month CD at a Virginia Bank - Add-On/Penalty-Free (River City).

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Update 8/10/08: The 12-month CD yield has fallen to 3.82% APY. Please check the bank's website for the latest rates.

River City Bank has two attractive CDs: a 4.19% APY 6-month CD and a 4.34% APY 12-month CD. The minimum deposit is $500. For a $10,000 minimum, the 12-month term qualifies for the River City Certificate. This gives you the option to add to your balance once a month and the option to make one penalty-free withdrawal each quarter.

A branch visit appears to be required to open an account. Branches are located in Mechanicsville and Highland Springs, Virginia which are in the suburbs of Richmond.

The bank has a 4-star rating (sound) at Bankrate.com and a 3-star rating (adequate) at BauerFinancial. Both ratings are based on 3/31/08 data. River City Bank was established with FDIC insurance in 2004 (FDIC Certificate # 57743).

Related Pages: Virginia, CD rates

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