CNB Bank Direct High Yield Savings Rate at 2.30%APY

The high yield savings rate of 2.30%APY offered by CNB Bank Direct is a competitive rate compared to the national average.

You only need $1.00 to open an account and start earning interest. It’s easy to maintain too since the bank doesn’t charge monthly service fees. The best part is you can make up to 6 withdrawals unlike other banks where they only allow 3. You just have to pick the right mix, since each bank has its own pros and cons. For example, Advantage Bank offers a much higher savings rate but limits withdrawal up to 3 and the minimum balance requirement to obtain the APY is quite high.

CNB Bank Direct is a member of FDIC so all deposits are guaranteed secure and safe. The APY is accurate as of March 20, 2009 but may change after account opening so check back more often for updates.

Update June 12, 2009: CNB Bank Direct high yield savings rate is down by 0.30%APY or 2.00APY%.

Update August 28, 2009: CNB Bank Direct high yield savings account is down by 0.15%APY or 1.85%APY.

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