Citizens First Savings Bank’s 22 month CD special: 3.15% APY
Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.
A fairly exceptional offer just came through the BankVibe inbox today. This one comes out from a local bank in the state of Michigan called, “Citizens First Savings Bank.” This is a CD rate promotion and is only available for a limited time.
Typically when you get odd-ball maturities such as 8, 15 or 22 months it is packaged with a promotional CD offer. General certificates of deposit come in 3 or 6 month increments. The national average for 24 month CD’s currently sits at around 2.20% APY making this offer pretty lucrative in comparison.
22 month CD rate promotion terms and conditions:
- minimum deposit of $1000 required
- Interest compounded quarterly
- new money only! If you already bank with Citizens First Savings then you will only receive an APY of 2.71% on this deposit
- penalty may be imposed for early withdrawal
- rates good as of 7/24/2009
Citizens First Bancorp, Inc. operates as the holding company for CF Bancorp. CF BankCorp provides it’s services to residents of the southeastern portion of Michigan’s lower peninsula. The company accepts various deposit accounts, and frequently runs odd-ball maturity certificate of deposit rate promotions. The current promotions in which they are running are a 8 month CD yielding 1.50% APY, a 13 month CD yielding 2.25% APY, and a 32 month CD yielding an APY of 3.27%.
Visit their rates page for more details. You may also want to compare this offer with other Michigan savings rates.
