Get all the blog posts delivered straight to your email


CNBBankDirect has a high-yield savings account that earns interest on all balances above $1. The annual percentage yield (APY) on the savings account is 1.2 percent as of Jan. 11, 2011. The interest rate is variable and can change after an account is opened. Details of the high-yield savings account include:

  • Minimum opening deposit of $1
  • No monthly maintenance fee
  • Open account online
  • Insured by the Federal Deposit Insurance Corp.

You can also open a high-yield CD at CNBBankDirect. CD rates include 1.35 percent APY for 12 months, 1.5 percent APY for 18 months and 1.65 percent APY for 2 years. Certificate of deposit terms include:

  • Must have a CNBBankDirect high-yield savings account
  • Minimum opening deposit of $25,000
  • Maximum of $250,000 per CD
  • Interest can be compounded back to the CD account or transferred to an existing CNBBankDirect savings account

There is a penalty to for early withdrawal of funds from CDs. The penalty is 90 days interest on the amount withdrawn for CDs with terms of 1 year or less, and 180 days interest on the amount withdrawn for terms over 1 year.

CNBBankDirect is a division of Citizens National Bank of Bluffton, Ohio.

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

Bank Name: Your E-mail: Description (Please include URL):
We HATE spam as much as you, we don't sell your e-mail address!