Dedicated to Deposits: Deals, Data, and Discussion

3.00% 19-Month & 2.75% 9-Month Add-On CDs at Civic Bank & Trust In Tennessee

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Civic Bank & Trust is offering two competitive CD rates: a 3.00% APY 19-month CD and a 2.75% APY 9-month CD. The 19-month CD has a $10K minimum and the 9-month CD has a $5K minimum deposit. There's also a 33-month variable CD with a 3.35% APY. These rates are listed at the bank's rate table as of 4/12/09.

All of the bank's CDs have an add-on option. At the top of the rate table, it describes this add-in option: "Add to your CD anytime in multiples of $1,000 and keep the same rate and the same term." I contacted the bank Friday via the online chat, and according to the CSR, there are no limits to the additional deposits.

A branch visit is required to open an account. However, I was told that they accept customers from any area (be sure to confirm before planning a trip). It's a small bank with one office located in Nashville, TN.

Civic Bank & Trust has fair ratings for safety and soundness: 3 stars (adequate) at BauerFinancial (based on 12/31/08 data) and 3 stars (performing) at Bankrate.com (based on 9/30/08 data). The bank has been FDIC insured since 2005 (FDIC Certificate # 58040).

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.
  Tags: Tennessee, CD rates

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