Cooper State Bank Raises Rates on 36-Month Step Up CD & 12-35 Month CD


Cooper State Bank (a private, locally owned and managed community bank in the Columbus, Ohio area) has raised the rates on two of its CDs: the 36-Month Step Up Special and the 12-35 Month CD. The 36-Month Step Up Special CD's new rate is 1.60% APY and can be opened with $500; it also allows one "step-up" during the term of the CD. The 12-35 Month CD's new rate is 1.10% APY and also has a low minimum of $500 to open.


Either of the CDs can be opened at any of Cooper State Bank's six branches in the Columbus area. In addition to offering standard services such as online banking and Telebank, Cooper State Bank lives up to its claim of being "Ohio's Most Convenient Bank," with all branches open 7 days a week (limited hours on Saturday and Sunday).

Bank Overview

Cooper State Bank has a B+ rating with DA and a Texas Ratio of 0.38% (excellent) as of March 31, 2014. In the past year, Cooper State Bank has experienced average growth with average capitalization. Cooper State Bank was established in 2005 (with headquarters in Dublin, Ohio) and is a FDIC member (certificate number 58041).

Please refer to our financial overview of Cooper State Bank for more details.

How the Rate Compares

When compared to other Ohio banks' CD offerings, Cooper State Bank's 36-Month CD Step Up Special ranks 1st, with the 12-35 Month CD ranking 5th out of the accounts tracked by DA.

The above rates are accurate as of 7/18/2014.

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

Anonymous   |     |   Comment #1
Don't need such a low rate from the bank.  Fed Chairwoman Janet Yellen is now going to be doing stock picking for us per CNBC.
Anonymous   |     |   Comment #3
She wants the market to slow down so she can leave rates low indefinitely. If rates went to 1% tomorrow the market would sell off (Fed looks bad) and everyone looking for credit would be hurt (mortgages, car loans, business loans, etc.). The notion that lowering rates will automatically translate into economic growth has been proven wrong just as increasing rates no longer encourages people to make purchases or investments based on the fear of increasing prices. The entire bond purchasing program was a bank bailout program (remember mortgage backed securities?) that did not trickle down to the lowly consumer, much less the growing numbers of unemployed.
Anonymous   |     |   Comment #2
This is nothing but a gimmick. If there is a raise it will be negligible and not worth the wait of 36 months to get few hundreds of one percent at the end of the term.
Anonymous   |     |   Comment #4