It may very well be time to visit Guam to enjoy the sun and sandy beaches, unfortunately this report is on the banks and bank CDs offered in Guam.  Clearly, the first purpose to visit the island far outshines the later.  Guam is one of five U.S. territories with an established civilian government.  The conditions of being a U.S territory entitle the banks of Guam to be members in the Federal Deposit Insurance Corporation.  The FDIC or Federal Deposit Insurance Corporation is an independent agency of the United States government that protects accountholders against the loss of the insured accountholders deposits if an FDIC-insured bank or savings association fails.  One such bank in Guam with FDIC protection is Citizens Security Bank

Citizens Security Bank offers a variety of CD accounts with different terms and interest rates.  A sampling of the bank CD accounts includes:  a 30 day CD with an interest rate of 1.00% APY, a 90 day CD that earns an interest rate of 1.26% APY, a one year CD that yields 1.50% APY, two year CD with an interest rate of 1.98% APY and a three year CD that has an interest rate of 1.96% APY.  In addition to these CDs, Citizens Security Bank offers an interest bearing checking account that has an interest rate of 0.25% APY, a standard savings account with an interest rate of 0.51% APY and a tiered money market account that has a starting rate of 0.76% APY on balances between $1.00 and $24,999.99 and caps out with a interest rate of 1.26% APY on balances in excess of $250,000.00.
Citizens Security Bank was founded in 1990.  The bank has for bank branches locations in Hagåtña, Harmon, Dededo and Tamuning.  In 2007 Citizens Security Bank formally became a member of ANZ Group.  Citizens Security Bank Inc. is incorporated in Guam, U.S.A.  Its principal place office is 424 West O’Brien Drive Hagåtña, Guam 96932.  The bank can be reached at 671-479-9000.  The bank website can be located at  Interest rates are subject to change and additional conditions may apply in order to open any of the listed bank accounts, contact a bank representative for details.

Putting all the rate mumbo jumbo aside, the bank website keeps flashing with this cute, little weather box that announces the temperature in Guam is 81 degrees.  Time to visit Guam.

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