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Civic Bank & Trust1.85%-$30kCivic Elite Checking
Accounts mentioned in this post. Rates as of August 19, 2014

Top 18-month CD Rate at Civic Bank & Trust in Nashville - Local Only


Civic Bank & Trust

In today's rate environment, it's rare when a bank increases a deposit account rate. That happened at Civic Bank & Trust which has a very competitive 18-month CD special. It has a 1.50% APY which is up from 1.40% APY when I last reported on this in April. Minimum deposit is $5,000. One nice feature of this CD is that you are allowed to add to the CD anytime in multiples of $1,000. There is also a special 10-month CD, but it has a much less competitive yield of 0.90%. These rates are listed in the bank's rates page as of 12/14/2011.

This bank also has a competitive reward checking account. It has a yield of 3.00% APY on balances up to $30K (as of 12/14/2011). I reviewed this account in April.

It appears that a branch visit is required to open an account. Civic Bank & Trust's office is located in Nashville, Tennessee.

Civic Bank & Trust has an overall health score at of 4 stars (out of 5) with a Texas Ratio of 20.84% (average) based on September 2011 data. Please refer to our financial overview of Civic Bank & Trust for more details. The bank has been a FDIC member since 2005 (FDIC Certificate # 58040).

How This CD Rate Compares

The highest 18-month CD rate that's nationally available is 1.35% APY at Alliant Credit Union ($25K minimum). In my opinion, a better deal is the 5-year CD at Ally Bank which has a 1.84% APY. Since its early withdrawal penalty is only 2 months of interest, the yield if closed at 18 months would be 1.63%. I reviewed this strategy along with some risks in this post.

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  Tags: Civic Bank & Trust, Tennessee, CD rates

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