The insurance products are not a deposit, not insured by the FDIC, not insured by any Federal Government Agency, not guaranteed by the bank or an affiliate, and may go down in value.
- opening your CD with $1,000
- having a fixed rate
- competitive interest rates
- Minimum balance to obtain the applicable APY (annual percentage yield) is $1,000. No transactions will be permitted while the CD is valid, only upon maturity. CD will renew automatically upon maturity date at the current interest rates available at maturity. You have up to 10 calendar days after maturity to make transactions without any penalty. To earn interest on the account you must maintain a minimum balance of $1,000
- Penalties before the maturity: 90 days of accumlated interest in terms of less than 365 days; 180 days of accumulated interest for terms above 365 days