Cd Bank Account
CD accounts are set to auto-renew at maturity, but there is a grace period (a period of time following the maturity date of the account) during which you can make a deposit to or withdrawal from the account, change the term of the account or cancel the account. For CD account terms of 7-27 days, there is a grace period of 1 calendar day. Typically a CD can only be accessed during a 10-day grace period (the number of days varies by bank) that starts on the CD maturity date. If a CD is accessed early, an early withdrawal fee will.
Cd Bank Account Calculator
A certificate of deposit (or CD) is an account you leave untouched for a set time while it grows interest. You choose your term length 3 and how much money to deposit. Along with earning interest, the account. Sallie Mae's 12-month CD rate is among the highest in the country, and the bank remains competitive for other CD terms as well. You’ll need to make a $2,500 minimum deposit to open an account.
Unlike music CDs – your CD earnings never get old!
How does earning the highest rate of return sound? Open a high-yield FDIC-insured Certificate of Deposit (CD) with as little as $1,000 and enjoy predictable returns, fixed rates and best of all, NO FEES. That’s a deal we’d listen to anytime.
| Term | Interest Rate | Annual Percentage Yield (APY) | Early Withdrawal Penalties |
|---|---|---|---|
| 3 Months open an account | 0.25% | 0.25% | 90 days interest |
| 6 Months open an account | 0.45% | 0.45% | 180 days interest |
| 12 Months open an account | 0.60% | 0.60% | 180 days interest |
| 18 Months open an account | 0.65% | 0.65% | 180 days interest |
| 24 Months open an account | 0.70% | 0.70% | 360 days interest |
| 36 Months open an account | 0.80% | 0.81% | 360 days interest |
| 48 Months open an account | 0.85% | 0.86% | 360 days interest |
| 60 Months open an account | 0.95% | 0.96% | 360 days interest |
Open with as little as $1,000. Rates last updated 1/18/2021. Rates above apply to all balance levels and are subject to change on any day and will be updated by 10 AM Eastern. Please be sure to check this page after 10 AM Eastern for the rate that will be honored today. CD rates are guaranteed as of the postmark date on the envelope containing the signed application and funding for the account. Interest is compounded and credited monthly. APYs assume interest remains on deposit until maturity. A withdrawal may reduce earnings. First Internet Bank does not issue monthly or annual statements for CD accounts. You have the option to use our online banking or mobile banking systems to get information about your CD. For additional information, visit our Disclosures page.
Cd Bank Account Definition
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Looking for more ways to save big?
Earn interest at several times the national average with select savings accounts or streamline your financial life with a convenient, interest-bearing checking account.