Kent Bank is a locally owned community bank with bank branches in Kent and Freeport, Illinois.  Kent Bank began operations in 1923.  Financial services offered by Kent Bank include consumer loans and deposit accounts with competitive rates.  The bank has a variety of deposit and loan products to provide bank customers the ability to meet their individual financial needs.  As part of its standard services, Kent Bank also provides telephone banking and internet banking.  All Kent Bank checking accounts, savings accounts and certificates of deposit are FDIC insured to the maximum allowed by law.

Kent Bank offers customizable, FDIC insured certificates of deposit that are designed to maximize returns within the term best suited to the investor allowing the CD account to be viewed anytime online.  The bank CDs offer free Internet banking.  The CD interest earned can be paid monthly, quarterly or at maturity. 

Current CD rates and terms.

30-89 day CD earns an interest rate of 1.00% APY
90 day CD also yields a rate of 1.00% APY
6 month CD rate is 1.75% APY
9 month CD has a rate of 2.00% APY
One year CD rate is 2.00% APY
Two year CD also earns a rate of 2.00% APY
Three year CD yields a rate of 2.00% APY
Four year CD rate is also at 2.00% APY
Five year CD rate is 2.00% APY
Bump Up 24 month CD rate is 2.00% APY

Certificates of deposit are automatically renewable unless you instruct.  CDs do not earn interest after the maturity date.  There is a penalty for early withdrawal with the following schedule: 7 day or less than 90 day CDs = 7 days interest, 90 day or less than one year CDs = 30 days interest and one year or longer CDs = 90 days interest

Bank CD rates are subject to change and additional conditions may apply.  For current CD rates and account information a bank representative can be reached at 815-235-2711.  The Kent Bank website is located at www.kentbnk.com and holds information on a variety of bank products as well as select bank rates.

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