Personal Certificate of Deposit

 

  Personal CD BBA Raise your rate CD
Minimum balance:
  • $1,000 minimum to open
  • $10,000 minimum to open
Features:
  • Competitive interest rate
  • Fixed interest for the term of the CD
  • Maturities vary from 1 to 60 months
  • Automatically Renewable
  • Peace of mind knowing that you are FDIC insured up to the maximum allowed by law
  • Allows one “Bump Rate” during term of CD*
  • Competitive interest rate
  • Fixed interest for the term of the CD
  • Maturities vary from 12 to 48 months
  • Automatically Renewable
  • Peace of mind knowing that you are FDIC insured up to the maximum allowed by law

 

  • 1 A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account. 
  • For CDs of 12 months and under, the penalty is of 90 days worth of interest and for CDs over 12 months, the penalty is 180 days worth of interest. After the maturity of the CD, you have 10 calendar days to withdraw funds without penalty. After that time it will automatically renew.
  • *Raise Your Rate CD’s. The Annual Percentage Yield (APY) is accurate as of  04/03/2014. The 24 month term CD 1.00% APY requires a $10,000 minimum opening deposit and $99,999.99 maximum deposit. The 24 month term CD 1.10% APY requires a $100,000 minimum opening deposit. No additional deposits are permitted to the account after you open a Raise Your Rate CD. You have a one-time option during the term of the CD to exchange the interest rate for a new rate anytime after account opening. The new interest rate is the interest rate Banco do Brasil Americas is offering on the Raise Your Rate CD product of equal maturity term as the original term of the CD. The new rate will apply only to the remaining term of the CD without affecting the original maturity date. Fees could reduce the earnings on the account. A penalty may be imposed for early withdrawal. Rates are subject to change at any time at the discretion of Banco do Brasil Americas. The bank offers a 24-month term and 48-month term on the Raise Your Rate CDs. Offer may be withdrawn without notice.

FDIC / EHL