If you are looking for a way to invest your money in a safe environment which is insured by FDIC, we have some great options for you. We offer certificates of deposit that can range in term from 31 days to 5 years, and require only a $500.00 minimum opening deposit. Some of the benefits include: Substantial penalties exist for early withdrawals. Current interest rates can be found here:
RATES ONLINE BANKING and
Mobile Money are available to help you keep track of your certificates. You must be signed up for Online Banking to be a Mobile Money customer. CD AccountsPutnam County Bank offers a wide array of terms and rates ranging from 30 days to 48 months. A Certificate of Deposit may be opened with a minimum deposit of $1,000.00. All certificates are automatically renewable and interest may be paid by check, compounded to the certificate or directly deposited into a Checking, Super NOW or Savings Account. Please see the Rates page for our current rates. All accounts above are governed by federal and state rules and regulations as well as policies set forth by Putnam County Bank including Truth-In-Savings, Funds Availability, Privacy and Joint Ownership. All accounts must be opened "in person" at one of our offices and Putnam County Bank reserves the right to refuse opening an account. IRA AccountsPutnam County Bank offers Traditional (Regular), Simplified Employee Plan (SEP) and ROTH types of retirement accounts. The Bank also offers the Coverdell Educational Account for those looking for an educational savings investment. These accounts may be opened with a minimum deposit of $100.00. All accounts are operated as time-open accounts. Please consult with a tax professional to determine which account(s) best serves your personal needs. All accounts above are governed by federal and state rules and regulations as well as policies set forth by Putnam County Bank including Truth-In-Savings, Funds Availability and Privacy. All accounts must be opened "in person" at one of our offices and Putnam County Bank reserves the right to refuse opening an account. Retirement/Other Accounts
APY = Annual Percentage Yield. Rates are effective as of posted date and may change after account opening. Fees could reduce earnings on the accounts. The minimum balance to obtain APY is calculated on the daily balance method (the amount of principal in the account each day). A penalty may be imposed for early withdrawal on certificates of deposit and individual retirement accounts (IRA). For further information about applicable fees and terms, please contact a Putnam County Bank representative. Putnam County State Bank Ratio AnalysisThe following ratios and data are available to help you better understand the financial condition of Putnam County State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits. Texas Ratio
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses. As of March 31, 2022, Putnam County State Bank had $840,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $34,648,000 in equity and $2,887,000 in loans loss reserves. That gives it a Texas Ratio of 2.24%.
Putnam County State Bank has a Return on Equity of 9.34% versus the BestCashCow average of 9.01%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run. Capitalization
Putnam County State Bank has a Capitalization of 13.2% versus the BestCashCow average of 10.66. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered. Putnam County State Bank Balance Sheet AnalysisAs of March 31, 2022, Putnam County State Bank had assets of $262,550,000, loans of $187,268,000, and deposits of $227,448,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger. What is the 1 year CD rate at Bank of America?Bank of America CD rates. What is the interest rate for Columbia Bank?Yield Plus Checking. What are the CD rates at Capital Bank?Capital One CD rates. Does Bank of America sell CD's?Bank of America also offers Standard Term CDs, which allow you to choose any term from 28 days to 10 years. Standard Term CDs have a minimum deposit of $1,000 and offer 0.03% APY on all terms and balances.
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Putnam County State Bank cd rates
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