Vermont CD Rates

Northfield Savings Bank offers a variety of personal bank products and services for consumers in central Vermont.  Northfield Savings Bank was founded in 1867 as a mutual bank that is owned by its depositors.  The bank is now one of the nation’s few remaining mutual, depositor owned organizations, and the second largest bank that is headquartered in Vermont.  The bank has 13 bank branch locations in Central Vermont and Chittenden County

Technically, the bank has become a stock institution but its parent company is owned 100% by a Mutual Holding Company, which has no stockholders.  The bank is, in principal, owned by the customers who receive benefits with competitive deposit and loan rates while the bank reinvestments in the local communities.

The bank has a large choice of savings products for its customers.   A key savings product is the banks CDs.  A Northfield Savings Bank certificate of deposit is available for only $1,000.00 and has terms ranging up to 5 years.

The bank CD earns compounded interest on the account balance, and, while the CD accountholder may incur penalties if they withdraw the principal before maturity, they can withdraw the interest you earn without charges.  If the CD term of account is under a year, accountholders may even make additional deposits of $500 or more.

Bank CD rates:

Three month CD rate is 1.01% APY.
Six month CD rate is 1.50% APY.
The one year CD rate is 2.00% APY.
Two year CD rate is 2.25% APY.
Three year CD rate is 2.50% APY.
Five year CD earns an interest rate of 2.75% APY.

The bank also offers a one year rollover CD with a rate of 2.00% APY.
And the bank has a special 8 month CD with a rate of 2.25% APY.

For those customers interested in a checking account, Northfield Savings Bank offers a free checking account along with other checking account options.  The Northfield Savings Bank free checking account supports an assortment of comprehensive free checking account features including: unlimited check writing, free first order of basic personalized checks, free check safekeeping, no minimum balance required, no direct deposit required, a helpful staff to guide you through the application process, 24-hour access to account information through the NSB phone bank, unlimited use at nearly 100 surcharge free Falcon ATMs around the clock, free online banking services through eNSB and eBillPay, overdraft and sweep protection available option to combine checking and savings account statements.

All Northfield Savings Bank branches have night deposit drop boxes and ATMs available 24 hours a day.  Each bank ATM is equipped with voice activation devices for the visually impaired. NSB is a founding member of the Falcon ATM Network.  This network gives bank accountholders access to over 100 surcharge free ATMs all over Vermont.  Many of these machines will even accept deposits to a Northfield Savings Bank checking or savings accounts.

Bank rates are subject to change at the discretion of the bank.  The interest rate and annual percentage yield on the bank CDs will be in effect for the account until the maturity date.  Current CD rates can be obtained by contacting customer service at 1-802-485-5871 or visiting the bank website located at www.nsbvt.com.

Tags: Banks, CD rates, CD rates Vermont, free checking account, interest rates, money market account, Northfield Savings Bank, rates, Vermont bank

This entry was posted on Sunday, January 25th, 2009 at 1:15 pm and is filed under Bank Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.