|APY||ACCOUNT TYPE||ACCOUNT NAME|
|1.71%||1-year CD||12-Month CD|
1.60% - Ally Bank No Penalty 11-Month CD
|1.75%||18-month CD||18-Month CD|
1.75% - Ally Bank High Yield 18-Month CD
|1.30%||6-month CD||6-Month CD|
0.41% - 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.
I have a CD at Limelight. It's a 18 month CD with a 1.65 annual percentage rate, which is a fantastic rate. I chose Limelight because it was recommended to me by a friend. He told me that their rate was better than the rate of the current local bank I was using, and he was right. I called customer service before I started because I had a few questions that weren't answered online and, I'll admit, my computer skills are limited. They were very helpful and friendly. The process was very easy and I was happy to find out that there are no hidden fees. They walked me through the setup process right then and there. Talking to a real person was comforting to me. I highly recommend Limelight to all of my family and friends every chance I get.
I have an 18 month CD with Limelight Bank. They got my attention because they say they are eco-friendly, and they contribute to funding solar projects. I love the fact that I can get a banking product I need while also contributing to the future of the planet. Their customer service was also very good, I never had a problem setting up my account and never really had any questions. Because it is an online bank, they obviously put a lot of of effort into a good web experience. When I created my account it was quick and easy, and I was able to purchase a $2,000 CD without any assistance. I also use their iPhone app which is very good. I will be using Limelight in the future if I choose to get another CD.
|FDIC Certificate #||33823|
|Return on Assets - YTD||1.72%|
|Return on Equity - YTD||18.51%|
|Annual Interest Income||$15.4MM|
|Assets and Liabilities|
|Assets||Q3 2017vs Q3 2016||$373.7MM$263.5MM|
|Loans||Q3 2017vs Q3 2016||$304.5MM$222.8MM|
|Deposits||Q3 2017vs Q3 2016||$312.6MM$220.9MM|
|Equity Capital||Q3 2017vs Q3 2016||$37.6MM$24.7MM|
|Loan Loss Allowance||Q3 2017vs Q3 2016||$3.4MM$2.1MM|
|Unbacked Noncurrent Loans||Q3 2017vs Q3 2016||$843.00K$1.2MM|
|Real Estate Owned||Q3 2017vs Q3 2016||$1.9MM$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