While interest rates have continued to drop across most CD terms, First Federal Savings Bank of Frankfurt in Kentucky has managed to maintain impressive yields on their long term CDs, especially the three year CD.  The three year CD at First Federal Savings Bank of Frankfurt will earn an interest rate of 4.11% for new accountholders.  There is a $500.00 minimum deposit to open this CD account.  Interest is compounded on a quarterly basis.  The CD will automatically renew at maturity.

In addition to the three CD, the bank offers a variety of other CD rates and terms.  The bank offers a 15 month CD with an interest rate of 3.73% APY.  For short term savings, the bank promotes a nine month CD with an interest rate of 2.63%.  For more exotic offerings, the bank has a two year CD with a bump up rate option that earns an interest rate of 3.73% APY as well as one year variable rate CD that earns an interest rate of 3.16% APY.

First Federal Savings Bank of Frankfurt has three bank branch locations in Frankfurt.  Along with the certificate of deposit accounts, First Federal Savings Bank of Frankfurt offers mortgage loans, home equity loans, checking accounts, savings accounts and other bank services for consumers in the community.

The bank can be reached at 888-818-3372.  The web site for the bank can be located at www.ffsbfrankfurt.com.  CD rates are subject to change and additional conditions may apply.

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