1st Source Bank Offers Online 45-Month CD Special


Availability: Nationwide through 1st Source Bank's internet division.

It's been quite a while since 1st Source Bank offered any competitive CDs, but that has changed with the recent addition of a new 45-month CD Special (2.00% APY) to its Online CD product line.

The minimum deposit for the 45-month CD Special is $2.5K and there is no balance cap.

As stated on 1st Source Bank’s Certificate of Deposit Terms and Conditions page, the Early Withdrawal Penalty reads as follows:

Greater than 1 year - Twelve months’ interest earned on the amount withdrawn.


Headquartered in South Bend, Indiana, 1st Source Bank offers a variety of nationally available Online CDs.

1st Source Bank also has a large brick-and-mortar presence, with 71 branches in Northern Indiana and 9 branches in Southwestern Michigan.

Bank Overview

1st Source Bank has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 1.91% (excellent), based on June 30, 2015 data. In the past year, 1st Source Bank has increased its total deposits by $146.83 Million, an excellent annual growth rate of 3.85%. Please refer to our financial overview of 1st Source Bank for more details.

Established in 1863 as the First Bank and Trust Company of South Bend, 1st Source Bank (FDIC Certificate # 9807) is the 3rd largest bank in Indiana with assets in excess of $5 Billion. For more than 150 years, 1st Source Bank has been active participant in the community, and in 2014,

1st Source donated more than $1.4 Million to the community to support education, social welfare and human service efforts, the arts, economic development and community organizations. Additionally, 1st Source employees volunteered over 25,000 hours to more than 300 community organizations.

How the CD Compares

When compared to the 106 similar length of term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and nationally available, 1st Source Bank’s 45-Month CD Special currently ranks third.

The above rates are accurate as of 11/12/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Related Pages: 1st Source Bank, Fort Wayne, Tampa, Grand Rapids, Lafayette, South Bend, Chicago

  |     |   Comment #1
I was a customer of this bank quite a few years ago.  I found it a good bank back then.  They treated me right, and I always appreciated their high level of service.  So, unless things have changed (it's possible), I recommend this bank.

As for this particular deal, you will have to decide on your own if it is attractive.
  |     |   Comment #2
I had a 2 year CD at this bank before the 2008 near meltdown.  When the CD was up for renewal in 2010, the rate was just barely above 1%, so I just cashed it out.  The renewal rate was below the best rates offered at the time.  So it went from being among the best rates to among the worst rates.
Competitive 3-Year CD Rate at 1st Source Bank - Available Nationwide

It has been a while since 1st Source Bank has offered any competitive CD rates, but they currently have a good deal on one CD. It's a 3-year CD with a 2.02% APY. Minimum deposit is $500. This is listed in the bank's online CD page as of 5/12/2011.

This 3-year CD rate is so much higher than all of the other rates that I was a little worried that it might be a mistake. So I called and confirmed it is correct. I was told it's a special rate...

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4.80% 36-Month CD at 1st Source Bank - Nationally Available
Update 12/18/08: The CD rates have fallen. Please check the bank's website for the latest rates.

1st Source Bank has some competitive long-term CD rates. These yields include a 4.45% APY for a 2-year term, a 4.80% APY for terms of 3, 4 and 5 years, and a 5.00% APY for a 6-year term. The 2-year term has a $5,000 minimum deposit. All the other terms have a $500 minimum. These are also available in an IRA.

At the bottom of the rate table the bank provides a fair about of details...

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