Last Updated: 12/17/2025
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Highlights
APY (Annual Percentage Yield)
4.01%(Verified 10/22/2025)
Minimum Opening Deposit
$1
Certificate Term
5 years
mph.bank CD Accounts Review
mph.bank CD Accounts are offered by Liberty Savings Bank, a bank founded in 1889 and based in Wilmington, OH. mph.bank CD Accounts are available in 50 states,Puerto Rico, and Washington, DC.
Key Takeaways
- Only one CD type available. mph.bank CD Accounts only offers traditional CD accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.01%, which is much higher than the national average for a CD account.
- Small minimum initial deposit. You only need $1 to open an account.
- Limited selection of CD terms. mph.bank CD Accounts only offers one CD term. This limits your options when trying to set up a CD ladder.
Pros & Cons of mph.bank CD Accounts
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mph.bank CD Accounts FAQ
Are CD from Liberty Savings Bank federally insured?
Yes, your Liberty Savings Bank CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 Liberty Savings Bank offer?
mph.bank CD Accounts provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
What rates does Liberty Savings Bank offer on its CDs?
The CD rates for this account have an APY of4.01% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1.6% APY for 12-month CDs.
What terms does mph.bank CD Accounts offer?
Liberty Savings Bank offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 5 years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 4.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 3.93% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Liberty Savings Bank?
mph.bank CD Accounts require a minimum deposit of $1 to open an account.
What is the grace period for mph.bank CD Accounts?
mph.bank CD Accounts 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 Liberty Savings Bank 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 term ends.
Liberty Savings Bank charges an early withdrawal fee.
Liberty Savings Bank does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
9:00AM - 12:00PM