Providence Bank (NC) Continues To Offer Competitive CD Specials


Deal Summary: CD Specials – 10-month (0.80% APY), 16-month (0.90% APY), 26-month (1.00% APY), 48-month (1.10% APY), $1k minimum deposit.

Availability: Market area includes four North Carolina counties in the Raleigh-Durham metro area.

North Carolina-based Providence Bank has been offering a series of competitive CD Specials for the past few years. While the CD Special rates dropped significantly between March and May 2020, they have remained unchanged for the past ten months, becoming more competitive with each passing month. Of the four CD Specials, the 26-month has the most competitive APY. The minimum opening deposit is $1k, with no stated balance cap.

According to CSR, the Early Withdrawal Penalties are as follows:

  • 10-month CD Special, three months interest
  • 16-month CD Special, six months interest
  • 26-month CD Special, nine months interest
  • 48-month CD Special, nine months interest


Headquartered in Rocky Mount, North Carolina, Providence Bank has a brick-and-mortar presence in Edgecombe, Nash, Wake, and Wilson Counties, all of which are in the Raleigh-Durham metropolitan area.

Opening a Providence Bank CD Special must be done in-person at any of the six North Carolina branches, located in Nashville, Rocky Mount (2), Raleigh, Tarboro, and Wilson. There is no mention of any COVID-related branch restrictions (limited hours, appointments, temporary closures) on the Bank's website.

There is also an “Open An Account” page, which is essentially a “Contact Me” form.

Interested in Opening an Account?

Complete this form. One of our customer service representatives will give you a call.

Bank Overview

Providence Bank has an overall health grade of "A+" at, with a Texas Ratio of 2.49% (excellent), based on December 31, 2020 data. In the past year, Providence Bank has increased its total non-brokered deposits by $87.8 million, an excellent annual growth rate of 25.55%. Please refer to our financial overview of Providence Bank (FDIC Certificate # 58239) for more details.

Providence Bank is a relatively young bank, having been established in 2006. In 15 years of operation, Providence Bank grown to become the 19th largest bank headquartered in North Carolina, with assets in excess of $587 million. According to a January 2021 press release,

PB Financial Corporation (OTCQX: PBNC) is pleased to announce it has been named to the 2021 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

[Providence Bank President and CEO] Whitehurst commented, “We are very excited to be recognized by the OTCQX Best Market for our stock performance. To be ranked 20th for all companies listed on the OTCQX Best Market is such a great honor and speaks to the hard work of our employees and directors as well as our Company’s long-term outlook. Additionally, we are pleased with the exposure and liquidity the OTCQX Best Market has created for our shareholders.”

How the CD Special Compares

When compared to the similar length-of-term CDs tracked by requiring a similar minimum deposit and available within the market area, Providence Bank’s 26-month CD Special APY currently ranks first.

The above information and rates are accurate as of 3/26/2021.

To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Raleigh CD rates, 1-year CD rates, 5-year CD rates

Providence Bank (NC) Raises Rate On 18-month CD Special
Availability: Market area is eastern North Carolina

Providence Bank (NC) recently raised the rate on its 18-month CD (1.20% APY). The minimum opening deposit is $1K and there is no maximum balance cap. According to CSR, the Early Withdrawal Penalty is six months interest.

Providence Bank describes its 18-month CD this way:


Headquartered in Rocky Mount, Providence Bank’s market area is eastern North Carolina, including the Raleigh-Durham area.

Opening any account at Providence Bank requires an in-person visit to the any of the...

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15-Month CD Rate Special at Providence Bank in North Carolina - Local Only

Providence Bank in North Carolina has a good deal on its CD special. It’s a 15-month CD with a 1.15% APY. Minimum deposit is $1,000. This special is listed on the bank’s front page and in its rates page as of 3/28/2013. Thanks to DA member klink for noting this 15-month CD in the forum.

There’s also a good deal on a checking account. The bank’s E-checking has a 1.00% APY for balances up to $25K. This is also listed in the bank’s rates page as of 3/28/2013. This isn’t a...

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Top Checking and CD Rates at Providence Bank in North Carolina - Local Only

Providence Bank is offering two competitive CD specials along with a good deal on a checking account. The CD rates include a 1.70% APY 2-year CD and a 1.40% APY 18-month CD. The shorter term CDs aren't as competitive. Those include a 1.00% APY 1-year CD and a 0.85% APY 6-month CD. Minimum deposit is $1,000. These rates are listed in the bank's rate sheet as of 12/28/2010.

The checking account deal is the bank's E-Checking account which has a 2.00% APY on balances up to $25K. As noted in the...

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.