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ACCOUNT FEATURES & BENEFITS |
REGULAR AND JUMBO
CERTIFICATES OF DEPOSIT |
CDARS
CERTIFICATES OF DEPOSIT ACCOUNT
REGISTRY SERVICE |
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Minimum Deposit
to Open
and Obtain APY |
$1,000 for Regular.
$100,000 for Jumbo. |
Through this service, we can place large
deposits into smaller denomination CDs
at multiple FDIC-insured banks, offering
FDIC insurance coverage up to $50 million. |
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Terms Available |
Regular: from 91 days to 5 years.
Jumbo: from 7 days to 360 days. |
Wide range of options available. |
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Interest and How it's Paid |
Fixed for term selected. Interest is credited at maturity unless you
selected an interest payment option when you opened the certificate.
SEE RATES |
Vary by offering institution. |
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Deposit Limits |
No additional deposits on existing
CDs until maturity. |
Vary. |
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Withdrawal Limits |
At maturity, without penalty.
Early withdrawals are subject to penalty. |
At maturity, without penalty.
Early withdrawals are subject to penalty. |
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Monthly Service Fee |
NONE |
NONE |
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Access to Funds |
None until maturity, without incurring
early withdrawal penalty. |
None until maturity, without incurring
early withdrawal penalty. |
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