CFG Community Bank CD Rates and Review: 12-Month Rate at 4.75% APY

CFG Community Bank CD Rates on 12-month certificates of deposit are one best CD rates available right now at 4.75% annual percentage yield (APY). Certificates of Deposit (CDs) are fixed-term investment options offered by Community First Bank (CFG Bank).

CFG Bank offers competitive interest rates on all of its CD accounts, not only their 1-year CD account. These deposits come with a guaranteed return and offer a higher rate of interest than traditional savings accounts. The interest rate is fixed for the entire term of the CD, which ranges from 12 months to 5 years. This means that the depositor knows exactly what rate they will receive, regardless of fluctuations in the market.

CFG Bank CD accounts have competitive interest rates but like any other posted rates are subject to change without notice. The bank also offers the option of automatic renewal at maturity, meaning that the CD will automatically renew for the same term at the then-current interest rate. This is a convenient option for those who prefer to keep their investments in a fixed-term deposit.

Investing in a CD is a secure option for those looking to grow their savings while avoiding the risks associated with other investment options. CFG Bank is insured by the Federal Deposit Insurance Corporation (FDIC), so depositors can feel confident in the security of their funds. Customers can also choose to receive their interest payments monthly, quarterly, semi-annually, or at maturity, depending on their preference. By choosing a CD at CFG Bank, customers can secure a fixed return on their investment for a set period of time. Read more about CFG Bank's 12-month certificate of deposit and other deposit account at: Personal Deposit Rates - CFG Bank.