Certificate of Deposit (COD)
Rates as of March 17, 2020. Rates subject to change.
Open a 12 month, 18 month, or 5 year account now.
|COD||Simple APY||Compound APY||Minimum||Renewal Term|
|3 Month||0.11||0.11||$1,000.00||3 Month|
|6 Month||0.16||0.16||$1,000.00||6 Month|
|12 Month||0.31||0.31||$1,000.00||12 Month|
|15 Month Flex CD||0.36||0.36||$10,000.00||18 Month|
|18 Month||0.41||0.41||$1,000.00||18 Month|
|2 Year||0.65||0.65||$1,000.00||24 Month|
|2 Year Rising Rate CD||0.56||0.56||$1,000.00||24 Month|
|3 Year||0.81||0.81||$1,000.00||36 Month|
|42 Month||1.02||1.02||$1,000.00||48 Month|
|4 Year||1.06||1.06||$1,000.00||48 Month|
|5 Year||1.30||1.31||$1,000.00||60 Month|
We use the Daily Balance method to calculate the interest on your account. This method applies a daily periodic rate to the full amount of principal in the account each day.
Interest begins to accrue on the business day you deposit noncash items (for example, checks).
You may not make any deposits into your account before maturity. You may not make withdrawals of principal from your account before maturity.
A penalty may be imposed for withdrawals before maturity. If your account has an original maturity of 12 months or less, your account may be charged an early withdrawal penalty in an amount equal to 90 days' interest. If your account has an original maturity of more than 12 months but less than 36 months, your account may be charged an early withdrawal penalty in an amount equal to 210 days' interest. If your account has an original maturity of more than 36 months, your account may be charged an early withdrawal penalty in an amount equal to 270 days' interest. This early withdrawal penalty may invade principal.
The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
This Web site is for marketing purposes and is not designed as a substitute for full account disclosure of any product described in this Web site. Please contact BOS for more information.