Certificate of Deposit Features Guide
| Interest Rate |
| APY |
4.30% |
| Term Length |
12 Month |
| Minimum deposit amount |
$2,500.00 |
| Maximum deposit amount |
N/A |
| Balance Requirements |
| Minimum Opening Deposit |
$2,500.00 |
| Minimum Balance to Avoid Fees |
- |
| Minimum Required Balance |
$2,500.00 |
| Fees |
| Early withdrawal penalty |
6 months of interest |
| Monthly Maintenance Fee |
N/A |
| Foreign ATM Fees |
$3.00 |
| Insufficient Funds Fee |
$35.00 |
| Incoming Wires |
$25.00 |
| 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
• The interest rate on your account is 0.65% with an annual percentage yield of 0.65%.
• The rate and annual percentage yield is fixed until the first maturity of the CD.
• Interest will credit at the end of each quarter and compound daily.
• Must deposit $2500.00 to open this account.
• Must maintain a minimum balance of $2,500.00 in the account each day to obtain the annual percentage yield disclosed.
• Interest can be withdrawn before maturity.
• A penalty will be imposed for withdrawals before maturity. The penalty on a 12 month Impact CD is an amount equal to 6 months’ worth of interest calculated.
Rate History
|
Date
|
APY
|
|
September 20, 2024 |
4.30%
|
|
August 21, 2024 |
5.18%
|
|
October 13, 2023 |
5.02%
|
|
August 20, 2023 |
5.18%
|
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