Certificate of Deposit Features Guide
Interest Rate | |
APY | 4.25% |
Term Length | 36 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 |
---|---|
February 9, 2024 | 4.25% |
January 12, 2024 | 4.60% |
November 10, 2023 | 4.95% |
October 6, 2023 | 5.25% |
August 18, 2023 | 5.00% |
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.