Available for residents of Kentucky, Magnolia Bank offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you. Magnolia Bank is now offering great rates between 0.25% APY to 2.30% APY! With a unique selection of lengths to choose from, you can be sure to find an account that best fits all your banking needs. Not only do you get an account, but you can also take advantage of a low required minimum balance of just $500. You might even find yourself earning more than a regular savings account. If you are interested, be sure to apply as soon as you can to start your new account experience!
Magnolia Bank CDs:
CDs are a certificate issued by a bank to a person depositing money for a specified length of time and usually the longer of a term is – the higher APY rate you make! Magnolia Bank pays the highest APY rate with a 2.30% APY on their 24 month CD term! With as little as $500, you can invest in a CD account and maximize your earnings. Compare their offering now to find the solutions that fit best with your savings goals. If you’re interested in making a higher rate than a traditional savings account then make sure to check out below CD rates.
CD Rates Increased:
| Term | APY Rate | Minimum Deposit | How They Compare |
| 18 Month | 2.05% | $500 | Best 18-Month CD Rates |
| 24 Month | 2.30% | $500 | Best 24-Month CD Rates |
Certificates of Deposits Rates:
| Term | APY Rate | Minimum Deposit |
| 3 Month | 0.30% | $500 |
| 6 Month | 0.30% | $500 |
| 9 Month | 0.25% | $500 |
| 12 Month | 0.50% | $500 |
| 13 Month | 1.50% | $500 |
| 25 Month | 1.75% | $500 |
| 36 Month | 0.70% | $500 |
| 42 Month | 1.35% | $500 |
| 48 Month | 1.00% | $500 |
| 55 Month | 1.65% | $500 |
| 60 Month | 1.25% | $500 |
CD Features:
- Low minimum balance requirement
- Competitive rates on all CD terms
- Free online and mobile banking
- Insured by the FDIC up to the maximum allowed by law
Bottom Line:
If you are interested in a short or long term CD then, Magnolia Bank is currently offering great CD rates between 0.25% APY to 2.30% APY! Opening a CD with Magnolia Bank means greater savings and maximizing your earning potential. You will be able to take advantage of these rates that may be higher than your regular savings account all for just $500. This is a great opportunity to invest in a high-interest CD with Magnolia Bank. However, if you are not currently interested, then be sure to see our complete list of the Best CD Rates in the country from the HMB list!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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