Certificate of Deposit Features Guide
Interest Rate | |
APY | 4.82% |
Term Length | 24 Month |
Minimum deposit amount | $1,000.00 |
Maximum deposit amount | N/A |
Balance Requirements | |
Minimum Opening Deposit | $1,000.00 |
Minimum Balance to Avoid Fees | - |
Minimum Required Balance | - |
Fees | |
Early withdrawal penalty | N/A |
Monthly Maintenance Fee | N/A |
Foreign ATM Fees | N/A |
Insufficient Funds Fee | $30.00 |
Incoming Wires | N/A |
Account Opening | |
Open Online | Yes |
Insured by | F.D.I.C. |
Statements | |
Paper Statements | Yes |
Online Statements | Yes |
Online and Telephone Banking | |
Online Banking | Yes |
Telephone Banking | Yes |
Mobile Banking | Yes |
Deposit Checks with Mobile Device | Yes |
Free Bill Pay | Yes |
Online Bill Payments Required | Yes |
Account Description
• A minimum balance of $1,000 is required to open the Certificate of Deposit.
• No fees..
• Interest will be compounded monthly and credited on the last business day of the month.
• If the account is closed prior to the last day of the month, interest accrued but not credited will be forfeited.
• Interest is calculated by the daily balance method, which applies a periodic rate to the end of day balance in the account each day.
• Interest will begin to accrue no later than the business day we receive provisional credit for the deposit of noncash items (for example, checks) into the account.