Certificate of Deposit Features Guide
| Interest Rate | |
| APY | 4.05% |
| Term Length | 24 Month |
| Minimum Deposit Amount | $500.00 |
| Maximum Deposit Amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $500.00 |
| Minimum Balance to Avoid Fees | - |
| Minimum Required Balance | - |
| Fees | |
| Early Withdrawal Penalty | 90 days interest |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | N/A |
| Incoming Wires | N/A |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
| Statements | |
| Paper Statements | × |
| 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 | × |
| Online Bill Payments Required | Yes |
Account Description
• For Certificate of Deposit accounts, the interest rate (Rate) and annual percentage yield (APY) disclosed at account opening is fixed and will not change until the CD renews.
• Any withdrawal of interest prior to maturity will reduce earnings.
• Interest is paid quarterly.
Rate History
| Date | APY |
|---|---|
| October 01, 2025 | 4.05% |
| March 21, 2025 | 4.11% |
| September 27, 2024 | 4.15% |
| September 18, 2024 | 4.25% |
| February 09, 2024 | 4.50% |
| January 12, 2024 | 4.90% |
| November 10, 2023 | 5.25% |
| October 06, 2023 | 5.50% |
| August 18, 2023 | 5.25% |
Customer Reviews for Prime Alliance Bank (4)
Rated 3.50 stars out of 5 - based on 4 reviews
howdoyoudo
July 18, 2022 |
And how is this an online bank if they are inundating me with invitations to a customer appreciation free movie showing in some remote location in Utah?
Joe L 23
October 30, 2021 |
This bank only pays interest quarterly. I am not sure what this means, other than that I need to remember to close the account whenever I do close it on Jan 1, April 1, July 1 or Oct 1. Not sure if there are other considerations, but it is unusual and makes me uncomfortable. No other issues so far.
turlow1978
October 16, 2021 |
They almost made this too easy to open.
JLawrence1
October 13, 2021 |
Easy opening and funding. Did not need to speak to anyone.