The bank charges three months’ interest for CD terms of one year and shorter six months’ interest for CD terms of 18 to 24 months and nine months’ interest for long-term CDs.
Interest is only credited upon CD maturity.Įarly withdrawal penalties will also eat into your return. However, if you’re looking for a monthly interest check, you’ll need to look elsewhere. There are no maintenance fees that could possibly drag down your earnings, which are compounded daily. The highest yield is an impressive 5.77% APY on the 12 month option. If you’ve got at least six figures for your jumbo CD, you can take advantage of the competitive jumbo CD rates on one of its five terms (six months, 12 months, 18 months, 24 months and 36 months).
