Citizens Community Bank has a competitive 5-year CD rate of 3.30% APY. Other CD terms are a little less competitive. These include a 2.00% APY 2-year CD and a 2.50% APY 3-year CD. Minimum deposit is $500. These rates are listed in the bank's rates page as of the morning of 6/25/2010. I was a little concerned about the February date at the bottom of the CD rate table so I called the bank late yesterday afternoon, and the bank rep confirmed that these rates were up-to-date.
A branch visit is required to open an account. Branches are located in the Virginia cities of South Hill, Boydton and Gasburg and in the North Carolina cities of Roanoke Rapids and Gaston.
The bank's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our Citizens Community Bank financial overview page). These ratings are based on 3/31/10 data except for Bankrate which is based on 12/31/09 data. The bank has been a FDIC member since 1999 (FDIC Certificate # 35326).
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