UPDATE 3/25/2016: Country Bank has changed the availability of this 12-month CD.
The minimum deposit is $25k, with no balance cap. Existing Country Bank customers’ deposits must include at least $5k of new money.
A very helpful CSR pointed out that while CDs can be funded online through credit cards and/or ACH, the 12-month True Advantage CD’s $25k minimum deposit exceeds the limit allowed, so a portion of the funding might require a check via snail mail.
CSR also stated that the Early Withdrawal Penalty is 3 months interest.
Thank you to DA member, cumulus, for his Forum post about Country Bank.
Headquartered in Ware, Massachusetts, Country Bank offers its services and product line to all US Residents and Resident Aliens through its online platform.
Thank you for choosing Country Bank. We welcome all residents of the United States.
Opening the 12-month True Advantage CD can be done
online, or at any of the 14 Massachusetts branches located in Belchertown, Brimfield, Charlton, Leicester, Ludlow, Palmer (2), Paxton, Ware (3), West Brookfield, Wilbraham and Worcester.
Country Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 8.08% (excellent) based on December 31, 2015 data. In the past year, Country Bank increased its total deposits by $49.13 Million, an excellent annual growth rate of 5.24%. Please refer to our financial overview of Country Bank for more details.
Established in 1850 as the Ware Savings Bank, the present day Country Bank (FDIC Charter # 23992) has been serving the residents of Worcester, Hampden and Hampshire Counties for more than 165 years. With only two acquisitions (Palmer Savings Bank in 1981 and Leicester Savings Bank in 1998) and one name change (1981) in its long history, Country Bank is currently Massachusetts 27th largest bank with assets in excess of $1.3 Billion.
How the CD Compares
When compared to 145 similar length-of-term CDs tracked by DepositAccounts.com that are available nationally, Country Bank’s 12-Month True Advantage CD currently ranks first, regardless of minimum deposit.
The above rates are accurate as of 3/7/2016.