Bank CD rates are as competitive in Kentucky as they are in the more populated states.  One bank in Kentucky that offers competitive CD interest rates as long with a host of other consumer products and services is Cumberland Security Bank.

Cumberland Security Bank offers personal and commercial banking services in their four bank branches found in Pulaski County, Kentucky.  The bank is a member of the Federal Home Loan Bank of Cincinnati and the Kentucky Bankers Association.

Cumberland Security Bank operates under the oldest continuous bank charter in Pulaski County.  The bank was originally founded in 1909 under the name of First State Bank of Eubank.  In 1985, First State Bank merged with Bank of Somerset to form Cumberland Security Bank.  The bank is now based in Somerset, Kentucky.  

Along with standard consumer savings products such as money market accounts, savings accounts and interest bearing checking accounts, Cumberland Security Bank offers a broad range of certificates of deposits.  The bank CDs have various terms, ranging from sixty (60) days to sixty (60) months.  These bank CDs automatically renew at maturity.  The bank CD interest is paid until maturity of the certificate.  The accrued interest may be paid by check or deposit into a designated account.  CD interest is compounded and credited annually.

With a minimum deposit of $1,000.00, Cumberland Security Bank is offering the current CD rates and terms:

60 day CD interest rate is 0.20%
90 day CD rate is 0.40%
6 month CD rate is 1.00%
12 month bank CD interest rate is 1.20%
24 month CD earns an interest rate of 1.90%
36 month CD also yields a rate of 1.90%
48 month bank CD interest is at 1.90%
60 month CD rate is 1.90%

The annual percentage yield posted one these bank CDs assumes interest remains on deposit until maturity. A withdrawal from the account will reduce earnings.  No additional deposits may be made into these bank CD accounts.

In addition to these CD rates, Cumberland Security Bank also offers IRA CDs. 

The bank IRA CDs accrue interest that is compounded and credited semi-annually.  The contributions to the bank CD IRAs may be tax deductible and the interest income may be tax deferred.  These bank CDs also have a $1,000.00 minimum opening deposit.  Withdrawals from the account before age 59 ½ may be subject to penalty.  Current bank CD IRAs rates and terms include:
An 18 month fixed rate CD IRA at 1.66% 
An adjustable or variable rate 18 month CD IRA at 1.66% 

Bank CD rates are subject to change at the bank’s discretion and additional conditions may apply to open the account.  For current CD rates a bank representative can be contacted directly at 800-679-9361.  Bank rates are also available at the Cumberland Security Bank web site which can be found at

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