2.11% 13-Month No-Penalty CD at First Federal Savings Bank in KY & IN - Local Only

First Federal Savings Bank is offering a 13-month no-penalty CD with a 2.11% APY. Minimum deposit is $500. This special is shown in the main banner on the bank's front page and in this promo page as of 12/02/09. According to the small print, the special APY is good for accounts opened through December 31, 2009.

The bank also has some competitive regular CD and IRA rates including a 2.51% APY 25-month CD. Note, you're required to provide your zip code to see the rates page. So rates may vary by location.

It appears that a branch visit is required to open an account. Branches are located in Kentucky and Indiana.

The bank's ratings for safety and soundness are fair: 3 stars (performing) at Bankrate.com and 3½ stars at BauerFinancial. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 1936 (FDIC Certificate # 28610).

Other Competitive Certificate of Deposit Rates

• CD rates at DepositAccounts.com
• My weekly list of hot nationwide and local CD deals