Bank of Botetourt has a great 6 month CD special offer.  The 6 month CD has an interest rate of 3.79% APY.  The CD rate provides a guaranteed rate of return with a federally insured CD account.  This CD rate is in the top 5 CD rates for the state of Virginia.  However, this is not the best CD offer by the bank.  The bank also offers a one year birthday CD.  The Birthday CD has an interest rate that is calculated by taking the base rate of 3.00% and adding the accountholders age to that figure.  The age addition is added by taking 1/10 of 1% for each year.  As an example, a 40 year old would add .40% to the base rate to achieve the total CD rate of 3.40%.  Our reasoning on why this is potentially the best one year CD rate in Virginia is as follows. 

The best CD in our one year CD category is technically provided by Capital One Bank.  Capital One Bank has an 18 month CD, which we group into the one year category, that yields a 4.10% APY.  Without certain assumptions about the Bank of Botetourt CD offer, this is the best CD rate for that term in Virginia.  However, a little research has led us to believe that there is a woman in residing California who is 114 years of age.  Should this individual decide to open a Birthday CD with the bank, she would be entitled to an interest rate of 4.14%.  This interest rate would eclipse Capital One’s by 4 basis points and be the highest one year CD rate in Virginia.

There is a minimum deposit of $2,500.00 to open either CD account.

The Bank of Botetourt was chartered on October 1, 1899, and is headquartered in Buchanan, Virginia.  Bank of Botetourt has ten retail offices in Buchanan, Daleville, Eagle Rock, Troutville, Bonsack, Lexington, LakeWatch at Smith Mountain Lake, Peters Creek, Natural Bridge and Fairfield.  In addition to the CD accounts we reviewed above, the bank provides a variety of CD terms and rates as well as competitive rates on savings accounts, checking accounts and consumer loans.  Bank of Botetourt is a full-service bank for both personal and commercial customers.  Additional services and products offered by the bank include, business and retail online banking, business checking accounts, business savings accounts, business certificates of deposit, commercial loans, leasing program, SBA Lending cash advances, electronic federal tax payment system, foreign currency, medallion signature guarantee, notary service, official bank checks, overdraft protection, safe deposit boxes, tax payments accepted, Traveler’s Checks, utility payments accepted and wire transfers.

The web address to view the promotional CD rates is  Certain conditions may apply, see the bank for details.  For current rate information call a local bank representative at 866-420-2265.

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