bank rates

Columbus First Bank Offers Top 5-Year CDs

This Ohio bank requires a $500 minimum deposit.Columbus, Ohio-area residents can take advantage of 60-month CD rates that beat the top nationally available deal by more than a tenth of a percentage point.

With a $500 minimum deposit, Columbus First Bank pays 2.10% APY on its 5-year CD.

That beats the 1.95% APY offered by KeySource Commercial Bank, which sits atop our CD Rates Leaderboard. You’ll have to deposit at least $5,000 to purchase that certificate of deposit.

Columbus First also offers competitive 48-month CD rates. It pays 1.75% APY.

The other CD rates this bank offers aren’t nearly as competitive, which is disappointing because Columbus First offered a top 36-month deal last fall.

While you don’t have to be an Ohio resident to purchase these certificates of deposit, you do need to visit Columbus First Bank (www.columbusfirstbank.com) in person.

It has a single office, at 6877 North High St. in the Columbus suburb of Worthington.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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Comments (3)
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3 Existing Comments
  1. Kathy at Bankaholic said:
    on April 16th at 07:44 am

    Columbus First 60-month and 48-month CD rates are still available.

  2. Mike Cetera said:
    on May 11th at 08:20 am

    Columbus First Bank has cut its 60-month CD rates to 2.00% APY, still better than the best nationally available deal.

  3. Kathy at Bankaholic said:
    on October 9th at 08:28 am

    Columbus First’s 60-month rate has been cut again, to 1.90% APY.