Perpetual Fed Savings Bank (OH) Has Competitive 48-month CD


Availability: Market area is Ohio, but an in-person visit is required to open an account.

Last week, Perpetual Federal Savings Bank (PFSB) raised the rate on its 48-month CD (2.02% APY). The minimum opening deposit $1k, with no stated balance cap.

2.02%$1k-Perpetual Federal Savings Bank48 Month CD
Accounts mentioned in this post. Rates as of January 18, 2017.

The 48-month CD has been part of PFSB’s product line for more than five years, and has experienced 11 rate changes, half of which occurred in the first year.

According to CSR, the Early Withdrawal Penalty is “12 months interest, whether earned or not.”


Headquartered in Urbana in Central Ohio (equidistant from Dayton and Columbus), Perpetual Federal Savings Bank’s product line is available to all residents of Ohio, although, according to CSR, an in-person visit is required to open an account.

Opening a 48-month CD (or any other Perpetual Federal Savings Bank account) must be done at the sole Ohio branch, located on North Main Street in the center of Urbana. The North Main Street branch is marking its 80th anniversary this year.

Bank Overview

Perpetual Federal Savings Bank (FDIC Certificate # 28934) has an overall health grade of "A+" at, with a Texas ratio of 5.74% (excellent) based on March 31, 2016 data. In the past year, PFSB has increased its total deposits by $13.5 million, an excellent annual growth rate of 4.82%. Please refer to our financial overview of Perpetual Federal Savings Bank for more details.

Perpetual Federal Savings Bank was first established in 1878, as the Perpetual Federal Savings and Loan Association. The founders of the Bank were a group of Urbana citizens “whose purpose was to encourage the acquisition of real estate and an opportunity for the safe investment of their savings.” Little did these land investors imagine that their small S&L would grow to become Ohio’s 55th largest bank, with assets in excess of $373 million.

How the CD Compares

When compared to the 327 similar length-of-term CDs tracked by that require a similar minimum deposit and are available to Ohio residents, Perpetual Federal Savings Bank's 48-Month CD APY currently shares the top spot with Melrose Credit Union’s 4-year Share Certificate.

The above rates are accurate as of 8/4/2016.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our Rates Map page.