Community Savings Bank (OH) Raises Rates On Long-Term CDs


Availability: Market area includes 11 southern Ohio counties, four northern Kentucky counties, and two southeastern Indiana counties.

Community Savings Bank (Ohio) has just raised the rates on its 48-month CD Special (2.25% APY) and 72-month CD (2.50% APY). The minimum opening deposit for either CD is $1K, with no maximum balance cap.

Both CDs are offered as IRAs (Traditional and Roth), earning the same APYs with the same funding requirements.

As stated on Community Savings Bank’s Savings page, the Early Withdrawal Penalty reads as follows:.

Certificate of Deposit and IRA penalties for early withdrawal:
A penalty equal to one half of the term's interest will be charged to your account.


Community Savings Bank is headquartered in Bethel, Ohio, 30 miles southeast of Cincinnati. At first glance, one might assume that the Bank’s market area would be limited to the local community, but Community Savings Bank offers it services and product line to residents of the following counties:

Ohio - Adams, Brown, Butler, Clermont, Clinton, Fayette, Hamilton, Highland, Pike, Ross, and Warren.

Kentucky - Boone, Bracken, Campbell, and Kenton.

Indiana - Dearborn and Ohio.

While Community Savings Bank does have an online application for opening savings and checking accounts, the Bank prefers to open CDs through an in-person visit to either of the two Ohio branches, located in Bethel and Greenfield.

Bank Overview

Community Savings Bank has an overall health grade of "B+" at, with a Texas Ratio of 6.44% (excellent), based on September 30, 2015 date. Community Savings Bank has an excellent capitalization level (15.11%), a result of hold $76.71 Million in assets $11.59 Million in equity. Please refer to our financial overview of Community Savings Bank for more details.

Community Savings Bank (FDIC Certificate # 32286) was established in 1889 as The Bethel Building & Loan Company to assist local residents in building and purchasing houses. The Bank’s name was changed 120 years later to better reflect the scope of services offered. In June 2014, the Bank announced a merger with The Home Building & Loan Company in Greenfield, Ohio. Today, Community Savings Bank has assets in excess of $76 Million, a far cry from its initial total assets of $49.75.

How the CDs Compare

When compared to the 309 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available to Ohio residents, Community Savings Bank’s 48-Month CD Special currently ranks first.

When compared to the 32 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available to Ohio residents, Community Savings Bank’s 72-Month CD currently ranks first.

The above rates are accurate as of 12/16/2015.

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

Related Pages: Community Savings Bank (OH), Cincinnati, IRA rates

  |     |   Comment #1
Although rates seem to be getting better, it would certainly be nice if they were higher, making saving a more viable option for more people.

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