Minimum
opening deposit $5,000.00
Features:
- The Advantage CD has an interest rate floor of 2.50%.
- Competitive Interest Rate of a CD.
- Rate on Account based on the Prime Rate and will be adjusted.
- Withdrawals may be made from this account during the first five business days of each calendar quarter, January, April, July and October.
- Deposits of $500.00 or more may be made to the CD at anytime.
- Interest will be paid monthly to the certificate or by deposit to your FNBGA checking, savings or money market account. The annual percentage yield assumes that interest will remain on deposit until maturity and that early withdrawals will reduce earnings.
- A penalty will be imposed on any amount withdrawn outside of the first five business days of each January, April, July, and October. The penalty will be equal to three months interest. In addition, the same penalty shall be imposed if a withdrawal is made within six days of the initial deposit or within six days of any partial withdrawal or additional deposit, including interest credited to the account by the Bank.
Interest will accrue daily according to the amount on deposit each day, in the following tiers. Interest rates and Annual Percentage Yield (APY) can be found on the Rate Chart. The rate indicated will be paid on the entire balance in your account.
- $5,000.00 - $49,999.99 = Prime rate minus 3.00%; floor of 2.50%
- $50,000.00 - $99,999.99 = Prime rate minus 2.75%; floor of 2.50%
- $100,000.00 and greater = Prime rate minus 2.50%; floor of 2.50%
The interest rate will be tied to and may change according to the Prime Rate published in the Wall Street Journal. The Prime Rate is the interest rate on loans given by banks to their most creditworthy commercial customers. The interest rate may change daily and will be changed on the first business day when a new Prime Rate is published in the Wall Street Journal. Interest begins to accrue on the business day you deposit cash or non-cash items (i.e checks). Interest will accrue daily, be credited to the account monthly and compounded monthly.
* We may change this rate at any time at our discretion.
