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What is the minimum opening balance for a CD?
Where can I find CD rates?
When my CD matures, how long do I have to renew or close the account?
How am I notified that my CD is going to mature?
How do I renew my CD account?
How long will it take to process my CD application?
When do I start earning interest on my CD?
Which rate is applied to my CD?
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- The minimum opening balance for the Risk Free CD® and High Yield CD is $5,000
- The minimum opening balance for the 7-27 day CD is $15,000
- The minimum opening balance for the Opt-Up® CD is $10,000
- The minimum opening balance for the Standard Term CD is $1,000
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You can view all CD interest rates on our Deposit Interest Rates sheet. Visit our High Yield CD, Risk Free, Opt-Up product pages for rates on these products.
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- For CD account terms that are 7-27 days, there is a 1 calendar day grace period
- For CD account terms that are 28 or more days, there is a 7 calendar day grace period
Please note that a deposit, withdrawal, or term change can be made only once during the grace period.
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A written Maturity/Soon to Mature notice is sent at least 20 days in advance for CD terms of 32 or more days.
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To renew your CD, please visit a banking center or call a customer service representative at
888.827.1812.
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After submitting your application, the application will be processed and you will be notified via email with the results within 1 to 2 business days.
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Interest begins to accrue on the day the account is processed, not the day the application is submitted. The application will be processed at the interest rate that was effective on the day that the application was submitted.
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The interest rate that was quoted on the day you applied is the rate that is applied to your CD. You will begin to accrue interest on the day the account is processed, not the day you apply.
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