Summer is a great season to save, especially with any disposable funds from your tax returns or a recently paid-off loan.
We’re running a new promotion for traditional Certificates of Deposit (CDs), with a special rate for a 19-month term at 1.90% annual percentage yield (APY). For comparison, our standard 18-month CD rate is at 1.10%, as of July 9, 2018.
Here’s how much you’d earn through both CDs with an opening deposit of $5,000:
| CD Term
|
Amount Deposited
|
APY*
|
Balance after CD Closed
|
Interest Earned
|
|---|---|---|---|---|
| 18-month Traditional CD
|
$5,000
|
1.10%
|
$5,083.15
|
$83.15
|
| 19-month Special Rate CD | $5,000 | 1.90% | $5,152.58 | $152.58 |
*Annual Percentage Yield based on current rates as of July 9th, 2018.
You’d earn nearly 84% more interest with only one additional month added to your CD term! Its shorter term length also fits nicely into a CD laddering savings strategy as well.
Take advantage of this promotional rate by applying for a CD online, giving us a call at (800) 452-9515, or visiting any local branch. This offer is for a limited time only, but will end no later than 09/28/2018.
Minimum balance required to obtain the stated APY is $500. Early withdrawal penalty may apply. This promotion does not include our traditional IRA CDs.