Romney, West Virginia is the home to the Bank of Romney.  The bank happens to be promoting the best 9 month CD rate in West Virginia.  This CD rate is also the best 9 month rate on the national lists of the top 9 month CD rates.  During the first three quarters of 2008 this bank has turned in a net operating profit of $2,306,000.  The bank history has seen it survive through the time of two world wars and the Great Depression.

The Bank of Romney is a state chartered community bank.  The bank has six bank branches located in West Virginia.  The bank has been serving consumers and businesses of Hampshire County and the surrounding area since 1888.  The bank is chartered as a Federal Reserve Member.  Therefore the primary regulator is the Federal Reserve Board.  The Bank of Romney has been FDIC insured since January 1, 1934.  As of September 2008 the bank had total assets of $224,329,000. 

Romney is a city in West Virginia that is the county seat of Hampshire County.  Romney was originally settled in 1725 by hunters and traders.  The bank doesn’t appear to offer any lending or savings products specifically designed for hunters or traders but the bank offers a full range of products and services designed to meet the banking needs of the businesses and consumers in the market served.

Among other savings vehicles, the bank offers CDs with flexible terms between 91days and 60 months.  The interest credited for these CDs may be sent to the CD account holder or automatically transferred to another account, without penalty.  The bank nine month CD rate special is being offered with an interest rate of 3.19% APY.  The bank is now marketing the following standard CD rates and terms:

3 month with an interest rate of 2.02% APY
6 month CD rate of 2.57% APY
1 year CD that earn an interest rate of 3.09% APY
18 month CD rate of 3.10% APY
2 year CD with an interest rate of 3.41% APY
30 month CD rate of 3.77% APY
5 year CD that yields a rate of 4.08% APY.

Bank CD’s of 18 months or shorter have a low minimum deposit requirement of $500.00, the 24-60 month bank CD’s have a minimum deposit of $1,000.00 and the limited time CD special also has a minimum deposit of $1,000.

All CD interest rates are subject to change at any time without prior notice.  The bank can be contacted at 304-822-3541 for current CD rates and account information.  The bank web site contains an assortment of information on bank accounts and savings rates.  The bank web address is www.bankofromney.net.

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