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CDARS RATES
Effective 9/02/10 - 9/08/10 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 |
.15% |
.15% |
$10,000 |
$10,000 |
13 weeks |
.17% |
.17% |
$10,000 |
$10,000 |
26 weeks |
.20% |
.20% |
$10,000 |
$10,000 |
52 weeks |
.30% |
.30% |
$10,000 |
$10,000 |
104 weeks (2 years) |
.70% |
.70% |
$10,000 |
$10,000 |
156 weeks (3 years) |
1.00% |
1.00% |
$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.
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