Dedicated to Deposits: Deals, Data, and Discussion

5.25% 45-Month CD at Peoples Community Bank in Ohio and Indiana


Peoples Community Bank
Update 12/13/08: These special CDs are no longer listed on the website.

Peoples Community Bank continues to offer some attractive CD specials. These include a 5.25% APY 45-month CD and a 4.00% APY 11-month CD as of 11/24/08. These rates require a Peoples Premium Checking Account. Without the checking account, the yield drops by 25 basis points. These rates are also available in an IRA. The Premium Checking Account requires a minimum balance of $2,500 to avoid a $10 monthly fee. On the plus side, the account has a decent checking yield of 2.50% APY for balances over $2,500.

The 11-month CD rate is down from my August post, but the 45-month CD yield is still the same.

It appears a branch visit is required to open an account. Branches are located in the Ohio cities of Mason, Cincinnati, Cleves, Lebanon, Liberty Township, Maineville and West Chester, and in the Indiana cities of Aurora, Bright and Lawrenceburg.

The bank does have some weak financial ratings: 1 star (lowest) at and 2 stars (problematic) at BauerFinancial. Both are based on 6/30/08 data. As I recommend with any bank, it's best to keep under the FDIC limits. The bank has been FDIC insured since 1985 (FDIC Certificate # 32288).

  Tags: Indiana, Peoples Community Bank, CD rates, IRA rates, Ohio

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Comment #2 by Anonymous posted on
Please explain.