Community First Bank (KS) Offers 15-Month CD Special


Availability: 15-month CD Special, 5.61% APY, $3k minimum, limited time offer, in-branch only.

Availability: Greater Kansas City metro area (KS and MO).

Community First Bank (Community First) is currently offering three CD Specials (7-, 11-, and 15-month) all earning 5.61% APY. Of the three, the 15-month CD Special is the most competitive. The minimum opening deposit is $3k, with no stated balance cap. While these are limited-time offerings, there is no set end-date specified. According to CSR, the CD Specials will be available until they’re not.

The CD Specials are also available as IRA CD Specials (Traditional, Roth), earning the same 5.61% APY with the same deposit requirement.

Early Withdrawal Penalty

According to CSR, the Early Withdrawal Penalty for the 15-month CD Special is 6 months of interest. Partial withdrawals are allowed, but any withdrawal made within 180 days of account opening will reduce the principal.

Availability and Account Opening

Headquartered in Kansas City, Kansas, Community First Bank’s market area covers the greater Kansas City metropolitan area (both Kansas and Missouri). All US citizens and permanent residents with a valid Social Security number or Tax Identification Number are eligible to open a CD.

Opening a CD Special must be done in-branch at any of the three full-service branches, located in Kansas City (2) and Shawnee. (Note: the Kansas Avenue branch in Kansas City is currently on a “by appointment only” basis. An appointment can be scheduled by calling 913.371.1242.)

Funding and Other Details

The following information is from a conversation with CSR.

  • Funding – ACH, wire, check, internal transfer.
  • Ownership – Individual, joint, or trust.
  • Interest – Compounded daily/credited quarterly; can be transferred penalty-free to a Community First checking/savings account.
  • Maturing Funds – Cashier’s check to address on file.
  • Beneficiaries – Unlimited and percentages can be assigned; Social Security numbers and DOB are preferred but not required.
  • Grace Period – 10 business days before automatic renewal.
  • Credit Check – ChexSystems.

Bank Overview

Community First Bank has an overall health grade of "A+" at, with a Texas Ratio of 0.46% (excellent), based on September 30, 2023 data. In the past year, Community First has increased its total non-brokered deposits by $42.91 million, an excellent annual growth rate of 19.15%. Please refer to our financial overview of Community First Bank (FDIC Certificate # 12426) for more details.

Community First Bank is the oldest bank in Kansas, having opened its doors in 1901 as The Merchants Kansas State Bank. The Bank has rebranded twice: in 1934 as The First State Bank of Kansas City, Kansas and in 2012 as the Community First Bank. In 2021, Community First Bank became part of OakStar Bancshares, Inc., a Springfield, Missouri holding company. Community First Bank is the 58th largest bank headquartered in Kansas, with assets in excess of $326 million.

How the 15-Month CD Special Compares

When compared to similar length-of-term CDs tracked by that are available within the market area and have minimum deposit requirements of $10k or less, one bank and one credit have higher rates than currently offered on the Community First Bank 15-Month CD Special. The following table compares the 15-Month CD Special to the two highest-rate CDs from other banks and the two highest-rate CDs from credit unions.

The above information and rates are accurate as of 12/15/2023.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.

Related Pages: Kansas City CD rates, 1-year CD rates, IRA CD rates

High-Yield Reward Checking Account at First State Bank of Kansas City

Update 5/28/10: The top rate has fallen to 3.30% APY and the balance cap has fallen to $15K.

First State Bank is offering a reward checking account that pays 3.30% APY on balances up to $15,000 (1.01% for above) and refunds ATM fees up to $25 per cycle if the following monthly requirements are met:

  • 10 debit card purchases
  • one direct deposit or ACH debit
  • receive electronic statements

If these are not met, the rate falls to 0.25%. The minimum initial deposit is $100. There are no monthly service charges and no minimum balance requirements.


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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.