2.25% APY for 15-month Certificate of Deposit, 1.90% APY for 9-month CD special with Commercial Bank

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Jan 17 2010

Commercial Bank offers their best CD rates for their two money in the bank CD deals. The 15-month certificate of deposit has a current interest rate of 2.25% APY while the 9-month CD special gains 1.90% APY.

The other top cd rates are also looking good for the long term certificates of deposit:

30 months 2.25% APY with a rate change option
36 months 1.65% APY
60 months 2.35% APY
72 months 3.22% APY with a rate change option

The highest cd rates can be enjoyed by opening the account with an initial deposit of $500 for the CDs with maturities of 1 year and over. Certificates with less than 12 months of term need initial funding of at least $2500.

The bank also has very competitive interest rates for their IRAs offered as either Fixed or Variable:

18 months 1.10% APY
36 months 1.65% APY
60 months 2.35% APY

The current interest rates were posted and effective as of December 23 but may be changed any time. Please note that the earnings of your savings can be affected by fees and penalties.

Interested consumers need to visit a branch to open an account. Commercial Bank has offices in Kentucky and Tennessee. They have branches specifically in Barbourville, Cumberland, Pineville, Lutrell, Kingsport, Knoxville, and Harrogate.

Commercial Bank receives fair ratings for its performance. Bankrate.com issued 3 stars while BauerFinancial stamped 3 ½ stars for their soundness and safety. These ratings were based on their June 2009 data. The bank is covered by the FDIC under certificate number 22354.

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