Bank Independent offers a variety of savings options in Alabama including competitive bank certificate of deposit rates.  Bank Independent is an Alabama based community bank.  The bank has been servicing businesses and consumers in North Alabama since 1947.  

Bank Independent offers several ways to manage your money through a variety of checking accounts, savings accounts, money market accounts and certificates of deposits.  Bank accounts from CDs to statement savings are insured by the Federal Deposit Insurance Corporation.

With regards the bank CDs, Bank Independent has CDs to meet short term savings or long-term investment goals.  There is a minimum opening deposit of $1,000.00 for bank CDs with maturities of less than 3 years and a $5,000.00 minimum deposit for bank CDs with terms of 3 years or longer.  CD terms range up to 60 months.  CD rates are fixed and guaranteed for the length of the term selected.

Current CD rates and terms offered by Bank Independent include:

3 month CD rate is 0.41% 
6 month bank CD rate is 1.01% 
1 year CD interest rate 1.31% 
18 month CD rate 1.61% 
2 year bank rate is 2.01% 
3 year CD interest rate 2.31%  
4 year CD rate is 2.51%
5 year bank CD rate is 3.01% 

Bank Independent also offers a high yielding money market account that offers quick access with a high yield.  With the bank money market account, account holders earn interest on a tiered rate schedule based on the account balance.  Interest earned is paid monthly.  Check transactions from the account are limited to 6 per month.  The account comes with free check images with monthly statement and the bank offers discounted rates on safe deposit boxes.

Bank rates and CD rates offered by Bank Independent are subject to change at any time.  Additional conditions may apply to open these bank accounts.  Penalties may apply for early withdrawal.  For current CD rates and additional account information, a bank representative can be reached at (866) 478-5010.

Bank Independent provides assistance through their customer service department Monday through Saturday from 8:00 a.m. until 8:00 p.m.

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