Community First Bank Certificate of Deposit

Community First Bank Certificate of Deposit Review

Community First Bank Certificate of Deposit is offered by Community First Bank of South Carolina, a bank founded in 1990 and based in Walhalla, SC. Community First Bank Certificate of Deposit are available in 2 states across the USA.

Key Takeaways

• Higher than average APY. Community First Bank Certificate of Deposit has an annual percentage yield of up to 0.5%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $19999.99 to earn that interest rate.

Community First Bank Certificate of Deposit Pros & Cons

Community First Bank Certificate of Deposit FAQ

Are savings accounts from Community First Bank of South Carolina federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #32838). 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.

Does Community First Bank of South Carolina offer a signup bonus?

Community First Bank Certificate of Deposit doesn't offer a signup bonus.

What is the minimum initial deposit for Community First Bank Certificate of Deposit?

What APY does Community First Bank Certificate of Deposit offer?

Community First Bank Certificate of Deposit offers a variable APY starting at 0.45% and ranging up to 0.5% (APY stands for annual percentage yield, rates may change).

What fees does Community First Bank Certificate of Deposit charge?

Community First Bank Certificate of Deposit does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $20 fee.
• Incoming domestic bank transfers come with a $15 fee.
• Outgoing international bank transfers come with a $60 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $60 fee.
• Community First Bank Certificate of Deposit charges a $20 fee for an early account closure. Contact Community First Bank Certificate of Deposit for more details on what is considered an early closure.
• Community First Bank Certificate of Deposit charges $5 every time you request a paper statement.

What features and perks does Community First Bank Certificate of Deposit offer?

This savings account includes the following features:

• Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
• Fraud monitoring - Community First Bank Certificate of Deposit monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Mobile Banking Services - Community First Bank Certificate of Deposit allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Community First Bank Certificate of Deposit?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Community First Bank Certificate of Deposit?

The customer support email for Community First Bank Certificate of Deposit is callcenter@c1stbank.com.