|APY||ACCOUNT TYPE||ACCOUNT NAME|
|1.55%||1-year CD||12-Month CD|
1.50% - Ally Bank No Penalty 11-Month CD
|1.65%||18-month CD||18-Month CD|
1.35% - Ally Bank High Yield 18-Month CD
|1.30%||6-month CD||6-Month CD|
0.40% - National Average
Limelight Bank is a new nationwide, online bank that Capital Community Bank (CCBank) launched in 2017. The Utah-based community bank has positioned Limelight as an eco-friendly alternative to traditional banking. Of course, all online banks are going to be “greener” than traditional, brick and mortar banks, as there is a reduced amount of paperwork involved, but Limelight takes it a step further by stating that “a portion of deposited funds will go towards solar energy initiatives.”
It will come as no surprise to those familiar with internet banks that Limelight offers very competitive rates; however, the product selection is limited. At launch, Limelight is offering only short-term CDs, with terms ranging from 6 to 18 months, but it will be worth watching to see if they expand their product offerings in the future.
While Limelight has been branded as new online bank, it’s worth noting that (at launch) they are not offering their own mobile app. Mobile banking is done through their parent company’s app.
Accounts at Limelight can be opened through the online application found on their website. Customers then have the option to fund their account(s) through electronic funds transfer (EFT), wire transfer, or check. Deposits in Limelight Bank are FDIC-insured under Capital Community Bank.
|FDIC Certificate #||33823|
|Return on Assets - YTD||1.76%|
|Return on Equity - YTD||19.65%|
|Annual Interest Income||$10.7MM|
|Assets and Liabilities|
|Assets||Q2 2017vs Q2 2016||$343.5MM$236.2MM|
|Loans||Q2 2017vs Q2 2016||$292.2MM$198.7MM|
|Deposits||Q2 2017vs Q2 2016||$288.8MM$205.8MM|
|Equity Capital||Q2 2017vs Q2 2016||$31.2MM$23.7MM|
|Loan Loss Allowance||Q2 2017vs Q2 2016||$3.3MM$1.9MM|
|Unbacked Noncurrent Loans||Q2 2017vs Q2 2016||$2.5MM$982.00K|
|Real Estate Owned||Q2 2017vs Q2 2016||$0$0|
Always verify rates and promotions with the bank or credit union. We are not Limelight Bank; we are a rate comparison website and cannot provide official rates or promotions.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
Limelight Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 3280 N. University Avenue - Provo, UT 84604