Watch your patience pay off.
Key Features
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Competitive Interest
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No Setup or Maintenance Fees
Details
- Rate moves with Wall Street Journal prime rate changes
- 24-month term from date of opening
- Provides more guarantee than other risky investments
- Set aside for future savings goals
- No setup or maintenance fees
- Early withdrawals subject to penalty*
- $1,000 minimum deposit to open
Prime rate refers to the Wall Street Journal prime rate. CD is variable rate and tied to Prime and adjusts daily. 24-Month CD rate is Prime minus 3.25%. Initial Rate: 4.75%, APY: 4.835%. APY=Annual Percentage Yield. Rate can drop below initial rate. Minimum amount to open CD is $1,000. No funds can be added to CD after it is opened. Interest will pay quarterly and can be compounded to the CD or paid to a MidMo Bank Deposit account. Upon maturity, CD will renew at the 24-month internal board rate that can change daily. Offer for CDs only, not IRAs. Public Funds and other Financial Institutions are not eligible. Member FDIC.