Luana Savings Bank offers a good variety of CD terms. The terms range from three-months to five-years. They offer a variety of CD types as well. Along with regular CDs, they offer CDs with rate increases. They also offer a CD specifically for children under 18.

The interest rates for Luana Savings Bank CDs are competitive. Their rates are slightly lower than other online CDs, but still competitive. Luana CD interest rates are higher than typical bank interest rates. Even the shorter-term CDs offer competitive interest rates.

Luana Savings Bank offers a Step Up and Add CD. This CD is available in a 26-month term. The opening required amount is $5,000. Any amount above $5,000 earns the most competitive rate. This is also true for the special nine-month CD. Amounts above $5,000 earns the competitive rate.

Most of the Luana Savings Bank CDs have low opening required amounts. A good portion of the CD terms only require $1,000 to open. The CD for children only requires $500. You must keep the opening required balance in the account to earn interest.

The CDs offered through Luana Savings Bank have tiered interest rates. To earn the most competitive rate, you must have a high account balance. Most of the CD terms require a balance of $100,000 to earn the most competitive interest rate. Lower balances still earn good rates, just not the most competitive.

Luana Savings Bank CDs do not offer an interest rate guarantee. The interest rate on the day you open the account is the rate your CD earns for the life of the term. If interest rates increase shortly after you open your account, your rate will not increase.

The required amounts to open Luana CDs vary depending on the CD term. The regular CD accounts typically require $1,000 to open. A few special CDs require $5,000 to open. The CD for kids requires $500 to open. These amounts are required to open the CD. To earn the best rate requires a much higher balance.

You can apply for Luana Savings Bank CDs online, but the process takes some time. To apply for a CD, you fill out the necessary information. The paperwork is then submitted to a Luana employee. They will contact you within one business day to discuss your application.

Read the full Luana Savings Bank review.

The regular CDs offered through Rising Bank have low opening required amounts. These CDs only require $1,000 to open. You must keep this amount in the CD to earn interest. If your account balance falls below $1,000, your CD will not earn interest.

The interest rates for Rising Bank CDs are competitive. Their rates are higher than typical bank CD rates. Rising Bank rates are competitive with other online CDs of the same term length. The CDs do not have tiered interest rates. Any amount over the required opening deposit earns competitive interest rates.

Rising Bank is a completely online bank. You can open any of their accounts online. The process of opening an account is entirely online. They offer a high yield savings account and CDs. The CD terms range from one-year to three-year terms. The CDs come in regular, jumbo, and Rising CDs.

Rising Bank offers a Rising CD. These CDs come in 18-month and 36-month terms. If the interest rates increase during the CDs term, you can increase your CDs interest rate. Once the rate increases, you can also add money to your CD. You can increase your rate once during the 18-month CD term and twice during the 36-month CD term.

Rising Bank offers different types of CDs, but they do not offer a wide variety of term lengths. In the regular CDs, they only offer a one-year, two-year, and three-year CD. The jumbo CDs are available in a two-year term. The Rising CDs are available in 18-month and 36-month terms.

Rising Bank CDs and jumbo CDs have high opening amounts. The Rising CDs require $25,000 to open. The jumbo CD requires $100,000 to open. You must keep these balances in the account to earn interest. If your balance falls below this amount, you will not earn interest.

The interest earned on Rising Bank CDs credits to your account every three months. When the interest is credited, the money is added to your CD amount. If you close your CD before interest credits to your account, you will not receive the interest earned.

Because Rising Bank is an online bank, there are no branch locations. You can only reach customer service through email or telephone. Their website says their customer service is personalized to each customer. The ways to reach customer service is just limited.

Read the full Rising Bank review.