|
CDARS RATES
Effective 2/2/12 - 2/8/12 11:00am |
INTEREST
RATE |
APY - ANNUAL
PERCENTAGE
YIELD |
MINIMUM
BALANCE
TO OPEN |
MINIMUM
BALANCE
TO OBTAIN APY |
CDARS (Certificate of Deposit Account Registry Service ) |
4 weeks |
.05% |
.05% |
$10,000 |
$10,000 |
13 weeks |
.06% |
.06% |
$10,000 |
$10,000 |
26 weeks |
.10% |
.10% |
$10,000 |
$10,000 |
52 weeks |
.25% |
.25% |
$10,000 |
$10,000 |
104 weeks (2 years) |
.48% |
.48% |
$10,000 |
$10,000 |
156 weeks (3 years) |
.65 % |
.65% |
$10,000 |
$10,000 |
• Minimum balance to open of $10,000 is an introductory special.
• All CDARS deposits are FDIC insured.
• CDARS compounds interest daily.
• Maximum order per customer is $10,000,000, per week limit is $2,000,000.
• CDARS orders must be placed by 11:00am on Wednesday for Thursday settlement.
• Customer receives a confirmation from Salem Co-operative Bank via US mail sent on Fridays.
• Substantial penalties for early withdrawal. Ask your Customer Service Representative for details.
• Rates are subject to change at any time.
|
