Yes, the minimum required deposit is $2,500.
For instances where the bank approves an early CD withdrawal, an early withdrawal penalty may be assessed. See CD Agreement for additional details.
No. Additional deposits cannot be made to a CD following the initial deposit until the CD matures. Additional deposits are permitted during the 10-day grace period at end of the initial term (or any subsequent terms).
Interest rates and earned interest amounts can be viewed within online banking and on your bank account statements.
If no written notification of changes has been received, the CD will renew into the same term CD from which it is maturing at the prevailing rate. You will receive a pre-maturity notice from the Bank at least 30 days prior to maturity.
Interest accrues daily and is calculated off of your daily balance. Interest is compounded and paid monthly.
Yes, contact Customer Service to set up interest withdrawals. Customer Service Number: 800-242-0272
At LendingClub, we put our customers at the center of everything we do. That’s why we focus on providing products and services that are not only convenient but help to make life easier.
We use 256-bit encryption to ensure that data is protected with the highest level of security.
Your deposits are FDIC-insured up to the highest possible amount allowed – $250,000 per depositor for each ownership category.
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