Limelight Bank Review 2024
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At a glance
CDs
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Overview
Limelight Bank offers only short-term CDs and is best for those who aren’t in need of any other types of bank accounts.
Highlights
- Top CD Rates
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Limelight Bank is the online division of Capital Community Bank. It offers competitive yields on CDs, but it doesn’t offer any other types of bank accounts.
Pros
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The bank has competitive yields on its CDs.
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The $1,000 minimum deposit requirement for all CDs is reasonable and lower than some other banks.
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Limelight offers CDs throughout the U.S.
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Customer deposits fund solar initiatives, according to the bank.
Cons
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Limelight Bank only offers CDs.
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The bank doesn’t have its own app. It uses Capital Community Bank’s app.
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Limelight Bank banking products
Limelight Bank CD overview
All of Limelight’s CDs require at least $1,000 to open.
There is an early withdrawal penalty equal to 90 days of interest on the amount withdrawn from the six-month, one-year and 18-month CDs. The 36-month CD has an early-withdrawal penalty of 180 days of interest.
The bank doesn’t offer any specialty CDs, such as bump-up or no-penalty CDs.
Businesses and trusts aren’t able to open a CD at Limelight.
Pros
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Limelight Bank offers competitive yields on its CDs.
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The $1,000 minimum to open is a reasonable amount compared with some other banks.
Cons
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Those looking for a long-term CD will need to look elsewhere.
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The bank doesn’t offer any specialty CDs.
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See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
Limelight BankAPYAPY last updated between 7/3 and 7/9.APYAPY last updated between 7/3 and 7/9.National average APYHow do we get this data?Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.
About Limelight Bank
Limelight Bank is an online-only bank based in Utah but available to customers nationwide. The bank is known for linking its business to eco-friendly causes. Customer deposits help the bank fund solar initiatives.
Customer experience
Limelight Bank is based in Utah but is available to customers nationwide.
Customer service representatives are available by phone 8 a.m. to 5 p.m. Mountain time, Monday through Friday.
The bank’s website features a form to ask questions, but there’s no live-chat option. Limelight Bank customers can use the Capital Community Bank app.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
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