Cincinnati Deal: 2.25% on 48-Month CDs

Despite its quaint name and operation of just two small-town branches, Community Savings Bank is serving up a big CD deal to a very big market.

Available to anyone in 17 counties across the tri-state Cincinnati area, Community Savings is paying 2.25% APY on a promotional 48-month certificate.

That puts it a full quarter of a percentage point above the top nationally available 4-year return of 2.00% APY from the banks on our CD Rates Leaderboard.

Community Savings’ certificates of deposit can be opened online or at its branches in Bethel and Greenfield, Ohio, with a minimum deposit of $1,000.

But beware of this CD unless you’re confident you can keep it invested until maturity, as the early-withdrawal penalty is a whopping 24 months’ interest.

For dozens more local deals like this one, be sure to search our constantly updated roundup of the top-paying CDs from credit unions and community banks across the country.