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  Community First Bank Certificate of Deposit

Community First Bank Certificate of Deposit

in Savings Accounts from Community First Bank of South Carolina · fdic

Unaffiliated

Community First Bank Certificate of Deposit

Unaffiliated

in Savings Accounts from Community First Bank of South Carolina · Member FDIC

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Highlights
Monthly Fee N/A
APY (Annual Percentage Yield) 0.45% - 0.5%
APY Minimum Balance $19,999.99

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 is 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 national average interest rate on savings accounts. Note that you must keep a minimum balance of $19999.99.
Community First Bank Certificate of Deposit Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in 2 states.
  • Higher than average wire transfer fees.
Community First Bank Certificate of Deposit FAQ

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

Yes, your Community First Bank of South Carolina savings accounts 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?

Community First Bank Certificate of Deposit Minimums
Description
APY Minimum Balance $19,999.99
Minimum Required Balance $500

What APY does Community First Bank of South Carolina offer?

Community First Bank Certificate of Deposit offers an 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?

In most cases, the answer is yes. 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.

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Availability

  Available in 2 states
  • North Carolina
  • South Carolina

Feature Breakdown

APY Minimum Balance $19,999.99
Minimum Required Balance $500
Early Account Closure $20
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $60
Wire Transfer Fee - International (Outgoing) $60
Account Features
  • IRAs
  • Member FDIC
  • Check Writing
  • Branch Access
  • Automatic Transfers
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Check Images with Statement
  • Interest Bearing Account
  • No Monthly Maintenance Fee
Signup Deposit Requirement $500
APY (Annual Percentage Yield) 0.45% - 0.5%

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