Community Trust Bank is offering a 13-month CD special with some competitive rates. If you meet all the checking account requirements, you can get a very competitive rate of 1.65% APY. That requires opening a checking account with a debit card, online banking, e-statements and direct deposit. Without direct deposit, the rate falls to 1.40% APY. Without a checking account, the rate is still quite competitive with a 1.15% APY. Minimum deposit is $5,000, and new money is required. This special is listed at the bank's promotions page as of 2/3/2012.
It appears that a branch visit is required to open this CD. Branches are located in the Dallas/Fort Worth, Texas and in several cities in Louisiana and Mississippi including Farmerville, Monroe, Shreveport, Madison and Ridgeland.
The bank has an overall health score of 5 stars (out of 5) with a Texas Ratio of 9.12% based on September 2011 data. Please refer to our financial overview of Community Trust Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 12614).
How These CD Rates Compare
Even if you don't want the checking account, the 1.15% APY is competitive for CDs with terms around 1 year. The best 1-year CD rate available nationwide is 1.16% APY at Pentagon Federal Credit Union.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.