Iowa based First Citizens National Bank (First Citizens) has a one week 48-month CD Special (2.02% APY); this limited-time offer is valid October 5-9, 2015.
The minimum opening deposit is $1K, with no balance cap. A one-time Bump Option is also available.
As stated on First Citizens’ CD Rates page, the Early Withdrawal Penalty reads as follows:
Penalty for early withdrawal will be equal to 365 days interest.
Headquartered in Mason City, Iowa, First Citizens National Bank’s market area includes seven northern Iowa counties and the Mora, Minnesota community, but according to First Citizens’ online application,
"We welcome all residents of the states of Iowa and Minnesota to apply."
Opening an account with First Citizens can be done online or in person at any of 7 Iowa branches located in Charles City, Clarion, Kanawha, Latimer, Mason City, New Hampton, and Osage, or the sole Minnesota branch located in Mora.
First Citizens National Bank has an overall health rating of "A" at DepositAccounts.com, with a Texas Ratio of 1.67% (excellent) based on June 30, 2015 data. In the past year, First Citizens has increased its total deposits by $122.03 Million, an excellent annual growth rate of 15.64%. Please refer to our financial overview of First Citizens National Bank for more details.
Originally established in 1892 as The Citizens National Bank of Charles City, First Citizens National Bank (FDIC Certificate # 4433) is Iowa’s 11th largest bank. For more than 100 years, the Bank served the Charles City community, and in 1994 acquired four Iowa banks, completing the transition to today’s First Citizens National Bank. Further acquisitions in 2013 and 2014 expanded the market area into Minnesota and increased assets to $1.1+ Billion.
How the CD Compares
When compared to the 233 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Iowa residents, First Citizens National Bank’s 48-month CD Special currently ranks second.
The above rates are accurate as of 10/6/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.