Bank of Charles Town started in banking shortly after the civil war in 1871.  The bank has now been built up to $293,907,000 in total assets of September 2008.  During our present time of significant banking losses, Bank of Charles Town managed to earn a net operating profit of $2,196,000 through the first 9 months of 2008.

The bank is chartered as a Federal Reserve Non-member bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  Bank of Charles Town has been FDIC insured since January 1, 1934, the first year of deposit insurance coverage.  The bank has five full service locations in the Eastern Panhandle of West Virginia that serves the tri-state area.

Bank of Charles Town provides various banking products and services to individuals, businesses, and local governments.  The bank offers checking accounts, savings accounts, certificates of deposit, money market accounts and individual retirement accounts.  The bank also offers commercial loans, agricultural loans, residential loans, home equity lines of credit and consumer loans as well as commercial credit lines, equipment loans, and construction financing.  In addition, the bank provides financial management, investment and brokerage, and trust services.

The bank is currently offering a special 31 month CD rate.  This bank CD rate is at 3.25% APY.  The minimum balance to open the CD is and earn the CD rates APY is $5,000.  Funds can be added to the CD anytime during the term of the CD (minimum amount is $500).  The CD also has an option to bump up the rate one time during the term.

For standard bank CD rates and terms Bank of Charles Town has the following products:

3 month CD rate is 1.25% APY
6 month has an interest rate of 1.50% APY
One year CD rate is 1.80% APY
18 month CD earns an interest rate of 2.00% APY
Two year CD rate is 2.10% APY
30 month yields an interest rate of 2.25% APY
Three year CD rate is 2.50% APY
Four year CD has an interest rate of 2.72% APY
Five year earns an interest rate of 3.50% APY

The minimum deposit for these bank CDs is $1,000.00.  Savings rates including the CD rates are subject to change at any time.  For more details and up to date CD rate information call the bank at 800-296-8431.  Bank account information, CD rates and products specifics are available on the bank web site at www.mybct.com.

Tags: , , , , , , , , , ,

1 user commented in " Bank CD Rates at Bank of Charles Town "

Follow-up comment rss or Leave a Trackback
pligg.com said,
in February 3rd, 2009 at 5:45 pm

Bank CD Rates at Bank of Charles Town…

Bank of Charles Town started in banking shortly after the civil war in 1871. The bank has now been built up to $293,907,000 in total assets of September 2008….

Leave A Reply

 Username (*required)

 Email Address (*private)

 Website (*optional)