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Stepped Rate CD

Enjoy rising rates in any market. This 48-month CD has interest rates guaranteed to rise once a year, every year. Make the most of your investment with an additional deposit of up to $10,000 once a year.

Features

This CD has a term of 48 months.
  • Rates are guaranteed to rise once per year.
  • Rates and annual percentage yield for all four years are disclosed when the account is opened.
  • An additional deposit, up to $10,000, is allowed once a year, every 12 months from the date of the initial deposit.
  • One no-penalty withdrawal of all or part of the principal funds may be made after 24 months from the date of initial deposit.1

Minimum to Open

$1,000

Interest

Tiered rates based on the amount of your deposited funds:

  • Compounded daily for CDs less than $100,000
  • Simple interest on collected balances for CDs of $100,000 or more
  • Interest accrues at the rate and APY2 in effect at the time of the additional deposit

Account Benefits

A Simple, Easy Way to Save

  • No monthly fees
  • Automatic renewal
  • May be pledged as loan collateral

Convenient Grace Periods

  • During a grace period at renewal, you may negotiate a new term or rate. You may also adjust your account balance.
  • If no adjustments are made at grace period, your CD continues to grow at the interest rate and annual percentage yield in effect on the date of renewal.

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