Certificate of Deposit Features Guide
Interest Rate | |
APY | 5.65% |
Term Length | 12 Month |
Minimum deposit amount | $25,000.00 |
Maximum deposit amount | N/A |
Balance Requirements | |
Minimum Opening Deposit | $25,000.00 |
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 | $37.00 |
Incoming Wires | $15.00 |
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
• A $25,000 minimum deposit is required to open an account and in order to earn the advertised APY.
• The maximum amount allowed per client is $500,000.
• Guaranteed return.
• Automatic Renewal.
• FDIC insurance up to the maximum allowable.
• A penalty fee may be imposed for early withdrawal of CDs.