Bank of Little Rock Offers 5-Year CD Earning 3.04% APY

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Deal Summary: 5-year CD, 3.04% APY, $500 minimum deposit.

Availability: Arkansas, but only in-branch.

Bank of Little Rock is currently offering 3.04% APY on its 5-year CD. The minimum opening deposit for any Bank of Little Rock CD is $500.

DA began tracking the 5-year CD in November 2018, when it was added to the product line earning 3.00% APY. The rate inched up to 3.04% APY in March, where it has remained.

As stated in the fine print on the Certificate of Deposit landing page, the Early Withdrawal Penalty reads as follows:

Early withdrawals may result in six months loss of interest.

CSR confirmed that partial withdrawals are allowed, with the penalty applying to the amount being withdrawn.

Unlimited beneficiaries (equal shares) can be named and Social Security numbers are required for all beneficiaries.

Maturing funds will be distributed by cashier’s check, either in-person at a branch location or mailed to the address on file. There is a 10-day grace period before the CD automatically renews.

Thanks to DA reader, Human, for the comment about this CD.

Availability

Headquartered in Little Rock, Arkansas, the Bank of Little Rock offers its CDs to all U.S. citizens and resident aliens who live in Arkansas. Unlike the Bank of Little Rock Kasasa Cash/Kasasa Saver accounts I wrote about earlier this week, CDs cannot be opened online.

Opening a CD can be done at any of the five full-service Arkansas branches located throughout Little Rock.

Bank Overview

Bank of Little Rock has an overall heath grade of "B+" at DepositAccounts.com, with a Texas Ratio of 14.97% (above average) based on June 30, 2019 data. Bank of Little Rock has an excellent capitalization level (12.16%), the resulting of holding $197.18 million in assets with $23.98 million in equity. Please refer to our financial overview of Bank of Little Rock (FDIC Certificate # 91280) for more details.

The original Hallmark Loan and Investment Company was founded in 1927 and was not FDIC insured for the first 60 years. Following the establishment of FDIC insurance in 1987, the Bank rebranded as Bank of Little Rock in 1989, as it expanded its services to become a full-service, commercial bank.

How the CD Compares

When compared to 205 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to Arkansas residents, Bank of Little Rock’s 5-year CD APY currently shares the top spot with Telcoe Federal Credit Union’s 5-year CD APY.

Interest RateCD Length of TermCredit Union/Bank
3.04% APY5-Year CDBank of Little Rock
3.00% APY60-Month CDHanscom Federal Credit Union
2.98% APY60-Month CertificateState Department Federal Credit Union

The above rates are accurate as of 9/20/2019.

To look for the best CD rates, both nationwide in state specific, please refer to our CD Rates Table page.

Related Pages: Little Rock CD rates, 5-year CD rates

Comments
Bank of Little Rock (AR) Kasasa Cash (3.00% APY) Available Statewide
Deal Summary: Kasasa Cash, 3.00% APY up to $25k; Kasasa Saver, 1.00% APY up to $50k.

Availability: Arkansas

Bank of Little Rock has a new Kasasa Cash account, which earns 3.00% APY on qualifying balances up to $25k. Qualifying balances greater than $25k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

The fine print on the Kasasa Cash landing page states,

CSR stated any existing Kasasa Cash accounts will not automatically convert to the new Kasasa Cash account; the responsibility to initiate a conversion lays with the...

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4.01% Checking Account at an Arkansas Bank - $25K Max (Little Rock)
Update 8/12/09: The top yield has fallen to 4.01% APY. Refer to the bottom of the post for the rate history.

Bank of Little Rock is offering a high yield checking account called the Kasasa Cash. It pays 4.01% APY for balances up to $25K. Balances above $25K earn 0.60%. The main requirements are 10 debit card point of sale transactions per statement and direct deposit (or auto draft/debit). It offers free ATM's nationwide with refunds of all charges and there's no minimum balance requirement.

Update 5/13/09: The bank has added a...



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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.