Grand Rivers Community Bank (IL) Offers Very Competitive CDs


Availability: Market area is primarily Pulaski County, Illinois.

At the end of last week, Grand Rivers Community Bank (GRCB) raised the rates on its 12-month CD (1.45% APY) and 60-month CD (2.65% APY). The minimum opening deposit is $1K, with no balance cap.

According to CSR, the Early Withdrawal Penalty is 180 days interest for either CD.

Kasasa Cash

I wrote about GRCB’s Kasasa Cash checking account when it was first added to their product line in June 2014. At that time, qualifying balances up to $10K earned 2.00% APY, with qualifying balances over $10K earning 0.40% APY. The 2.00% APY for qualifying balances up to $10K is still in effect, but the APY for qualifying balances of $10K+ has been lowered to 0.25% APY. Non-qualifying balances earn 0.05% APY.

The Kasasa Cash qualifying monthly requirements are:

  • Minimum of 12 check card purchases post and settle
  • Enrolled in and receive eStatement notices
  • Enrolled in and log into Online Banking


Headquartered in Grand Chain, Grand Rivers Community Bank’s market area is essentially Pulaski County in southern Illinois.

I say essentially because, according to CSR, a GRCB account can be opened by any U.S. citizen, but must be opened in person at any of three Illinois branches, located in Grand Chain, Karnak and Shawneetown.

GRCB does have an online contact form to begin the application process. As stated on that form,

One of our representatives will contact you within one business day to complete the process.

Bank Overview

Grand Rivers Community Bank has an overall health rating of "B+" at, with a Texas Ratio of 0.85% (excellent), as of June 30, 2015 data. In the past year, GRCB has increased its total deposits by $29.22 Million, an excellent annual growth rate of 111.23%. Please refer to our financial overview of Grand Rivers Community Bank for more details.

Established in 1902 as The First State Bank of Grand Chain, Grand Rivers Community Bank (FDIC Certificate # 10816) is a locally owned, full-service commercial bank serving the financial needs of Pulaski County, Illinois. GRCB derives its name from its location at the confluence of the Ohio and Mississippi Rivers. In the 1800s, Grand Chain (GRCB's main branch) was an important fueling station for the steamboats on these major waterways.

How the CDs Compare

When compared to the 495 similar length-of-term CDs tracked by that require a similar deposit and available to Illinois residents, Grand Rivers Community Bank’s 12-Month CD currently ranks first.

When compared to the 410 similar length-of-term CDs tracked by that require a similar deposit and available to Illinois residents, Grand Rivers Community Bank’s 60-Month CD currently ranks first.

The above rates are accurate as of 9/22/2015.

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

Related Pages: Grand Rivers Community Bank, Paducah, Davenport

Grand Rivers Community Bank Nationally Available 1-Year and 3-Year CDs

Two excellent, nationally available CDs are being offered by Grand Rivers Community Bank (southwestern Illinois): a 1-Year CD (1.35% APY) and a 3-Year CD (2.01% APY). A minimum deposit of $1K is required to open either of these CDs. Grand Rivers Community Bank also has a Kasasa Cash Checking Account earning 2.00% APY on balances up to $10K and 0.40% APY on balances over $10K.

The following monthly conditions must be met for the Kasasa Cash Checking Account:

  • A minimum of 12 check card...
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