Domestic Bank was founded in 1967 and is based in Cranston, Rhode Island.  The bank provides a full line of services to businesses and consumers, borrowers and savers.  Domestic Bank has nine bank branches from Cranston, Rhode Island to Northbridge, Massachusetts.

Domestic Bank product offerings include a variety of checking and savings accounts, mortgages, lending programs, and business services.  Domestic Bank offers service that are not found at all banks including banking 24 hours a day, 7 days a week, with extended and weekend hours at the bank branches, as well as telephone and online banking services.

The company also provides auto loans, debt consolidation loans, new home construction loans, FHA home improvement loans, business loans, commercial real estate loans, SBA loans and business banking services.

Domestic Bank certificates of deposit come with standard banking FDIC Insurance, fixed terms and consistently above market CD interest rates.  Obtaining a guaranteed interest on the money invested over certain amount of time is the benefit provided by the bank CD and the CD interest rates.  Domestic bank is now offering the following CD terms and CD rates.

3 month CD rate is offered at 0.75% APY
The 6 month CD has a rate of 1.00% APY
1 year CD rate is 1.00% APY
18 month CD has a rate of 1.25% APY
2 year CD offers a rate of 1.50% APY
3 year CD contains a rate of 1.75% APY
4 year CD sets a rate of 2.00% APY
5 year CD rate is 2.25% APY

CD rates and the Annual Percentage Yields are subject to change without notice.  CD interest rates are effective as of 8/18/09.  There is a substantial penalty for early withdrawal from the bank CDs.  For current interest rates and CD rates, the bank may be contacted at 1-800-556-6600.  The bank website also posts current CD rates and account information and can be visited with the following URL: www.domesticbank.com.

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