Banks for You!

First Federal Savings Bank of Frankfort is offering outstanding CD rates right now, including a great 6-month CD rate to individuals interested in opening an account. Currently, the short-term CD commitment provides a 0.50% APY.

Terms of this 6-Month CD Rate

The competitive CD rate from First Federal is available to individuals who open an account and deposit a minimum of $500. It’s good to note that interest will not be compounded for this CD, meaning it will only be credited one time to your account at maturity. Account holders aren’t allowed to make deposits to the CD until the maturity date and there will be a penalty imposed if you withdraw money early.

About First Federal Savings Bank of Frankfort

In 1934, First Federal Savings Bank of Frankfort was formed as the Greater Frankfort Building and Loan Association by a group of nine Frankfort businessmen. Since that time, the bank has grown into a major financial establishment with several services available, including deposit accounts, loans, money orders and safe deposit boxes. Its three locations can be found in Frankfort, Kentucky.

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