As economic winds shift and interest rates begin to dip, lock in a stellar 4.03% Annual Percentage Yield (APY) on your savings for the next 7 months with our relationship CD!
A penalty may be imposed for early withdrawal2. This special relationship rate requires a minimum of $25,000 to open and must be funded by an account at another financial institution. At maturity, Special Interest Rate CDs will automatically renew for a 6-month term3, at the interest rate and Annual Percentage Yield (APY) in effect on the maturity date for CDs not subject to a Special Interest Rate.
Setup may be required for transfers from another financial institution, and verification may take 1-3 business days. The term of the CD begins on the date the CD is funded.
1. You will be paid this interest rate until maturity. The rate(s) and annual percentage yield(s) disclosed above was accurate as of 9/30/2024 and is valid for thirty (30) days. APY is subject to change without notice. To obtain the current APY after that time, please call (805) 965-5942.
COMPOUNDING AND CREDITING. Interest will be paid to the account at maturity. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If you close your account before interest is credited, you will receive the accrued interest.
BALANCE COMPUTATION METHOD. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the daily balance on which interest is paid.
ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
2. EARLY WITHDRAWAL PROVISIONS. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. Depending on how early you make the withdrawal, the penalty for early withdrawal may be greater than the interest you have earned on your account.
3. RENEWAL POLICIES. The Annual Percentage Yield (APY) for the 6-month CD is currently 1.25% as of 9/30/2024. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds from the account without being charged an early withdrawal penalty.
TRANSACTION LIMITATIONS. You may not make deposits into or withdrawals from your account until the maturity date.
