In a financial landscape, the investors are marked by uncertainties. So the individuals seek stability and attractive returns on their investments. Entering the realm of Certificate of Deposits, Hancock Bank, now known as First Bank, CD Rates appear to be the beacon of light for investors. Among the myriad of options, Hancock Bank’s 270-day CD stands out with a tempting 5.25% Annual Percentage Yield.

Let’s find out the details further in the content below;

Hancock Bank CD Rates Offers

The most precise and promotional CD offer by Hancock Bank is;

270-Day CD – 5.25% APY

Key Features

·         The CD has a relatively short term of 270 days, meaning your funds will be locked in for this duration.

·         The promotional APY of 5.25% is higher than standard savings account rates, providing an opportunity to earn a more attractive return on your deposit.

·         To open this CD and qualify for the advertised APY, a minimum deposit of $1,000 is required.


·         CDs typically have penalties for early withdrawal. Consider your financial needs and ensure you can commit your funds for the full term.

Pros & Cons

Competitive 5.25% APYEarly withdrawal penalties may apply
Relatively short termFunds are locked in for the duration
Fixed interest rate for stability$1,000 minimum deposit required

Are Hancock Bank CD Rates Competitive?

Hancock Bank’s CD rates, particularly the 270-day CD with a 5.25% APY, appear competitive in the context of short-term savings options. The 5.25% APY is relatively attractive compared to standard savings account rates, providing an opportunity for account holders to earn a higher fixed interest over the 5-month term. 

However, the competitiveness ultimately depends on individual financial goals and preferences, as well as how the rates compare to other available options in the market. For a deeper analytical approach, potential investors should consider their specific needs, the minimum deposit requirement, and the terms and conditions of the CD before making a decision.

Overview Hancock Bank

In 1887, The Hancock Deposit Bank, as it was known back then, received its charter. Fast forward to 1996, when the bank changed its name to Hancock Bank and Trust Company, with Lenvil R. Hall as the bank’s president. Later that year, a second location in Lewisport was opened up.

Over the years, the bank has continued to grow and grow and continues to get bigger. The mission statement at Hancock Bank and Trust Company is to provide services and products to their clients in a caring professional manner. In terms of services, Hancock Bank and Trust Company offers the following: Online Banking, Bill Pay, eStatements, Mobile Banking, Loan Resources, Phone Banking, Debit Card, Check Reorder, Visa Payments, Calculators, and Deposit Rates.

There are dozens of the bank’s locations all over Kentucky, which all provide amazing customer service. After all, they have had over 130 years to get it right. Hancock Bank and Trust truly believe that they are the best at what they do. So much so that they believe they have earned the distinction of being one of the most respected banks in the region.

Currently, R. Steve Cox serves as President, and Claude Badgett serves as Chief Executive Officer. Up until 2012 however, the title was held by Russell Badgett Jr, who purchased the controlling interest in the bank in 1972.


You must be a member of Hancock Bank to open a CD. This means that you will need to open a checking or savings account. To do so, be sure you have all of them. Your personal information is handy to expedite the process.

Locations Hancock Bank 

Branches in Kentucky

The branches in Kentucky are:

Hawesville, Lewisport, Cloverport, Bowling Green, and Madisonville.

Frequently Asked Questions

What happens at the end of the term?

At maturity, account holders typically have options, including renewing the CD for another term, withdrawing the funds, or making changes to their investment strategy.

How does the advertised APY assume my account activity?

The advertised APY assumes that no additional deposits or withdrawals are made during the 5-month term, and all interest earned remains on deposit until maturity.

Is the 270-day CD with a 5.25% APY a limited-time promotional offer?

Yes, the 5.25% APY is part of a promotional offer. It’s important to check with Hancock Bank for the current terms and availability of such promotions.

How does the Hancock Bank 5-month CD compare to other short-term investment options?

The competitiveness of the 5-month CD depends on individual financial goals and market conditions. It is advisable to compare rates, terms, and features with other available investment options to make an informed decision.

Did Hancock Bank change names?

Yes, Hancock Bank is now known as First Bank.