bank rates

Small Bank, Good Odd-Term CD Rates

Century Direct Bank is paying 1.70% APY on 5-month, and 2.25% APY on 15-month, certificates of deposit.

A small bank in central Kentucky has two odd-term CD rates that are well worth considering

Century Bank Direct is paying 2.25% APY on a 15-month certificate of deposit with a $1,000 minimum deposit.

This beats the 2.10% APY you can earn with the best, nationally available 12-month CDs from Amboy Direct and UmbrellaBank.

Century Direct is also offering 1.70% APY on a 5-month CD with a $1,000 minimum deposit.

That’s competitive with the 1.75% APY on the top-paying 6-month CD from , and you need a $10,000 minimum deposit to earn that rate.

Century Bank Direct is the online division of Century Bank, which has a single office in Lawrenceburg, Ky. But it’s offering these rates to savers nationwide and has an online application.

Click here to compare its deals with the best CD rates from dozens of other banks in our database.

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Comments (4)
1 Star2 Stars3 Stars4 Stars5 Stars (10 votes, average: 4.60 out of 5)
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4 Existing Comments
  1. Cliff said:
    on November 12th at 10:28 am

    This bank also has a 10-month cd @ 2.09% APY ; on line.

  2. Wondering said:
    on November 12th at 02:31 pm

    Why do banks have odd-month CD’s?

  3. DealMaven said:
    on November 13th at 09:20 am

    Banks offer high rates on odd-term CDs rather than traditional 6- or 12-month CDs to attract new customers without having to pay those high rates to the surprising number of current customers who always let their traditional CDs rollover regardless of the return.

  4. Cliff said:
    on November 18th at 02:40 pm

    Bank cut the rates today……..