Top 18-month CD Rate at Civic Bank & Trust in Nashville - Local Only

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APYMINMAXINSTITUTIONPRODUCTDETAILS
1.25*%-$30kCivic Bank & TrustCivic Elite Checking
Accounts mentioned in this post. Rates as of September 28, 2016.

In today's rate environment, it's rare when a bank increases a deposit account rate. That happened at Civic Bank & Trust which has a very competitive 18-month CD special. It has a 1.50% APY which is up from 1.40% APY when I last reported on this in April. Minimum deposit is $5,000. One nice feature of this CD is that you are allowed to add to the CD anytime in multiples of $1,000. There is also a special 10-month CD, but it has a much less competitive yield of 0.90%. These rates are listed in the bank's rates page as of 12/14/2011.

This bank also has a competitive reward checking account. It has a yield of 3.00% APY on balances up to $30K (as of 12/14/2011). I reviewed this account in April.

It appears that a branch visit is required to open an account. Civic Bank & Trust's office is located in Nashville, Tennessee.

Civic Bank & Trust has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 20.84% (average) based on September 2011 data. Please refer to our financial overview of Civic Bank & Trust for more details. The bank has been a FDIC member since 2005 (FDIC Certificate # 58040).

How This CD Rate Compares

The highest 18-month CD rate that's nationally available is 1.35% APY at Alliant Credit Union ($25K minimum). In my opinion, a better deal is the 5-year CD at Ally Bank which has a 1.84% APY. Since its early withdrawal penalty is only 2 months of interest, the yield if closed at 18 months would be 1.63%. I reviewed this strategy along with some risks in this post.

Searching for Top CD Rates

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

Comments
High-Yield Reward Checking Account at Civic Bank & Trust in Tennessee - Local Only

If you're looking for a high-yield checking account in Tennessee, there's a good deal at Civic Bank & Trust. Its reward checking is called Civic Elite Checking, and it offers the following rates and features as of 4/14/2011:

  • 3.30% APY on balances up to $30,000
  • 0.75% APY on portion of balance over $30,000

Monthly requirements to qualify for these yields include:

  • 10 debit card purchases
  • 1 direct deposit or ACH auto debit
  • Access account via online banking
  • e-Statements

Unlike most reward checking, this account has a $20 monthly fee if a $1,000 minimum balance is not met.

The bank...

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March Madness 2-Year CD Special with a Top Rate at Civic Bank & Trust in TN - Local Only

I reported on one March Madness CD two weeks ago from a New York credit union. Here's another one from a Nashville bank. Civic Bank & Trust is offering a March Madness CD special with a 2.00% APY for a 2-year term. Unlike the New York CD, you can't get a higher rate by picking the right teams. The yield is fixed at 2.00% APY which is very competitive for a 2-year term. In addition, the bank allows add-on deposits to CDs anytime in multiples of $1,000. Minimum deposit is...

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3.00% 19-Month & 2.75% 9-Month Add-On CDs at Civic Bank & Trust In Tennessee
Civic Bank & Trust is offering two competitive CD rates: a 3.00% APY 19-month CD and a 2.75% APY 9-month CD. The 19-month CD has a $10K minimum and the 9-month CD has a $5K minimum deposit. There's also a 33-month variable CD with a 3.35% APY. These rates are listed at the bank's rate table as of 4/12/09.

All of the bank's CDs have an add-on option. At the top of the rate table, it describes this add-in option: "Add to your CD anytime in multiples of $1,000 and keep...

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