Community Savings CDs Review

A 4.00% 12-month CD from a savings bank in Caldwell, Ohio, but four of its eight terms pay 2.25% or less.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked October 12, 2026.

Our verdict

Community Savings pays 4.00% on its 12-month CD, 3.75% at six months and 3.60% at two and three years, which is competitive, but the other four of its eight terms pay 2.25% or less, so only part of the ladder is worth using. The penalty tops out at six months of interest, and everything starts at $1,000.

Skip it if you want a CD at 91 days, 18 months, four years or five years, where its rates fall to 1.00% to 2.25%.

About Community Savings CDs

A 4.00% 12-month CD from a savings bank in Caldwell, Ohio, but four of its eight terms pay 2.25% or less. Community Savings CDs is offered by Community Savings. We could not find a published customer rating for it on Trustpilot or the Better Business Bureau, so none is shown.

Best for: Savers choosing the 6-, 12-, 24- or 36-month term.

Editorial grade: B- (composite score 72/100).

Highlights

12-month CD at 4.00% APY, 6-month at 3.75%, and 24- and 36-month at 3.60% (Community Savings' own rate table, effective 10/12/26)
The 91-day, 18-month, 48-month and 60-month terms pay only 1.00% to 2.25%
$1,000 to open on every term
Early withdrawal costs one month of interest on terms of 91 days or less, three months up to a year and six months beyond

What we like

The 12-month and 6-month terms pay 4.00% and 3.75%, and the 24- and 36-month terms 3.60%
The penalty tops out at six months of interest on the amount withdrawn
The same $1,000 minimum on every term, and a 10-day grace period after maturity
FDIC insured through Community Savings (certificate 27969)

Where it falls short

Four terms pay little (91 days 1.00%, 18 months 2.25%, 48 and 60 months 2.00%), so a full ladder is not worth building here
An early withdrawal can cost more than the interest earned, and the bank's APY assumes interest stays on deposit to maturity
A small bank in Caldwell, Ohio

Fees, minimums, and rates

Monthly fee: $0 monthly; early-withdrawal penalty of 1-6 months' interest. Minimum to open: $1,000. Current APY: 4.00%. Rates and fees last checked on October 12, 2026.

How we reviewed it

This is a desk review: we have not opened an account with Community Savings. It is built from Community Savings's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Certificates of Deposit shortlist. Our bank-account reviews weight APY (30%), fees (20%), access and convenience (15%), account features (15%), trust and safety (10%), and customer support (10%). The rubric is the same for every brand.

The bank behind this account

Community Savings, FDIC certificate 27969: capital, loan quality, every office and the complaint record.

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Read our full editorial methodology for how we review products.