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  Community First Bank Certificates of Deposit

Community First Bank Certificates of Deposit

in CD Accounts from Community First Bank · fdic

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Community First Bank Certificates of Deposit

Unaffiliated

in CD Accounts from Community First Bank · Member FDIC

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Highlights
Minimum Opening Deposit N/A
Certificate Term
  • 3 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months
APY (Annual Percentage Yield) N/A

Community First Bank Certificates of Deposit Review

Community First Bank Certificates of Deposit is offered by Community First Bank, a bank founded in 0 and based in New Iberia, LA. Community First Bank Certificates of Deposit is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. Community First Bank Certificates of Deposit only offers traditional CD accounts.
  • Wide selection of CD terms. Community First Bank Certificates of Deposit allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Community First Bank Certificates of Deposit
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Community First Bank Certificates of Deposit FAQ

Are cd accounts from Community First Bank federally insured?

Yes, your Community First Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #35020). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Community First Bank offer?

Community First Bank Certificates of Deposit provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does Community First Bank offer on its CDs?

What terms does Community First Bank Certificates of Deposit offer?

Community First Bank offers CD terms of the following lengths:
Community First Bank Certificates of Deposit Rates & Terms
Description

What is the minimum deposit to open a CD account with Community First Bank?

What is the grace period for Community First Bank Certificates of Deposit?

Community First Bank Certificates of Deposit does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Community First Bank Certificates of Deposit charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Community First Bank does not charge an early withdrawal fee.

Community First Bank does not seem to charge any of the fees we track.

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Availability

  Available in 1 state
Louisiana
Availabile in all of Louisiana

Feature Breakdown

CD Accounts Traditional
Certificate Term
  • 3 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months

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