CSBdirect has recently upped the ante on their certificate of deposit promotions by boosting the yields on three of their CD accounts.  The bank has dramatically increased the one year CD rate, two year CD rate, and five year CD rate and now offers the best yields available across the nation for these maturities.  The current one year CD rate through CSBdirect is 1.25%, the current two year rate is 1.55%, and the five year CD rate is a chart topping 2.35%.

To put the returns offered on these accounts in perspective, the FDIC is reporting the current one year national average bank CD rate is 0.20%.  The national average rate for two year CDs is at 0.33% and the five year CD national average rate is 0.77%.  That’s seven times the national average rate for the one year certificate at CSB, five times the national average on the two year and three times the national average on the five year.

The two year CD rate offered by CSB is also a rather startling, 30 basis points above the next best two year CD rate available nationally.  A spread between top yielding accounts that has not been seen for some time.  The one year CD rate is 15 basis points above the next best one year CD rate and the five year rate has leaped right the past the best five year CD rates that have been dominated recently by banks such as Synchrony Bank, GE Capital Bank, and EverBank.

CSBdirect is the online division of Citizens State Bank.  The CSBdirect accounts are available online in all 50 states.  The CD requires a low minimum deposit of $1,000.00.

Citizens State Bank (CSB) is an FDIC insured financial institution that currently operates four branches in Florida along with online banking operations.  CSB offers some of the highest rates available on their interest checking account, money market account, savings account and certificates of deposit.  The bank offers several certificates of deposit with various features and benefits designed to fit a variety of different savings needs and time horizons.

The CD interest rates listed are subject to change at any time, however, the rate in effect when a certificate is opened with the bank is guaranteed to maturity.  There is a penalty for early withdrawal prior to maturity.  Additional terms and conditions may apply.

More information on the bank products and services can be obtained by calling Citizens State Bank at 800-800-6593 or visiting the bank web site located at csbdirect.com.

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