We’ve just completed our survey of this week’s top deposit rates from locally based institutions servicing Kentucky residents. The rates are taken from banking institutions (either credit unions or community banks) with a physical presence in the state. Although online CD rates aren’t covered in this survey, you can find today’s top interest rates here.
Top 6 month – 5 year deposit rates in Kentucky:
* Rates accurate as of March 2012.
Top 6 Month CD Offer – Peoples Bank and Trust Company of Clinton County, Kentucky, offers the top 6 month CD rate at 0.95% APY. It comes with a minimum deposit requirement of $500. They have just one location and only service residents of Clinton County.
Top 12 Month CD Offer - Labor Management Federal Credit Union offers the highest yielding 12 month CD with an APY of 1.206%. To put this in perspective, the best 12 deposit rate from our database of national banks sits at just 1.08% APY. Labor Management Federal Credit Union has just one location in Lewisport, KY and only provides banking services to residents of Hancock County, KY.
Top 2 Year CD Offer – General Electric Credit Union offers the best 2 year CD featuring an APY of 1.50% requiring a minimum deposit of just $500. GE Credit Union has just one location in Kentucky but several throughout the mid-west and provides services to employees of GE and their family members. If you have someone in your extended family that is employed at GE you may also be eligible to join.
Top 3 Year CD Offer – Leitchfield Deposit Bank & Trust boasts the highest 3 year CD with an APY of 2.12% and a minimum deposit requirement of $500. Leitchfield Deposit Bank & Trust has four locations in Kentucky and is more inclusive with their membership than the previous institutions mentioned.
Top 4 Year CD Offer – South Central Bank of Harden County has the best 4 year CD. They offer an APY of 2.37% and require a minimum deposit of $500. They have just one location (Elizabethtown, KY) and can provide banking services to residents of Harden County, Kentucky.
Top 5 Year CD Offer – Cecilian Bank offers the top long term deposit rate with an APY of 2.40% provided on their 5 year CD. They set the minimum deposit requirement at $1,000 and provide their services throughout the state. They have 12 locations in Kentucky alone.
Have we missed a local offer in Kentucky? Let us know about it by leaving a comment!