Dedicated to Deposits: Deals, Data, and Discussion

Top CD and Savings Account Rates Continue at KeySource Commercial Bank in NC


KeySource Commercial Bank

KeySource Commercial Bank continues to offer very competitive CD and savings account rates. The best CD deal is its 7-month CD special which has a 1.15% APY. Its regular 12-month CD rate is also competitive with a 1.20% APY. KeySource Commercial Bank also has a good deal on a savings account with a 1.15% APY. These rates are listed at the bank's rates page as of 12/27/2011.

The savings account is called the Blue Savings Account. Some important features of the account include:

  • Minimum of $100 to open an account in person or $5,000 when opening online
  • Up to three withdrawals per month (no excess withdrawal fee with balances of $2,500 or higher)
  • No monthly fee with a $300 minimum daily balance

The bank has kept these rates competitive since my last review in September 2010.

There's an online application, and according to the CSR, these accounts can be opened online from any state. I was told that if the 7-month CD special doesn't show up as an online selection, call them and they can send you the forms to open the account. I was also told that the online account funding with a transfer from another bank is limited to $5,000. Last year I was told the limit was $10K. Just like last year, if you want to fund the accounts with larger deposits, you can either mail the bank a check or contact the bank for wiring instructions.

KeySource Commercial Bank is a small, one-office bank located in Durham, North Carolina which is in the suburbs of Raleigh.

The bank's financial health has gone down since my 2010 post. It has an overall health score of 2 stars (out of 5) with a Texas Ratio of 47.05% (below average) based on September 2011 data. Please refer to our financial overview of KeySource Commercial Bank for more details. The bank has been a FDIC member since 2007 (FDIC Certificate # 58475).

How These Savings & CD Rates Compare

The best nationally available savings account rate continues to be 1.30% APY at UFB Direct. The best 6-month CD rate is 1.20% APY (with a relationship) and 0.95% APY (without a relationship) at Digital Credit Union. The best 1-year CD rate is 1.15% APY at CIT Bank. These rates are accurate as of 12/27/2011.

Searching for the Best CD and Savings Account Rates

To search for the best nationwide rates and the best rates in your state, please refer to the following sections of

  Tags: KeySource Commercial Bank, North Carolina, CD rates, savings account

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