Certificate of Deposit Features Guide
Interest Rate |
APY |
5.18% |
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• Interest can be withdrawn before maturity.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
|
August 21, 2024 |
5.18%
|
October 13, 2023 |
5.02%
|
August 20, 2023 |
5.18%
|
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