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CDARS RATES
Effective 08/28/08 - 09/03/08 11:00am |
INTEREST
RATE |
APY - ANNUAL
PERCENTAGE
YIELD |
MINIMUM
BALANCE
TO OPEN |
MINIMUM
BALANCE
TO OBTAIN APY |
CDARS (Certificate of Deposit Account Registry Service ) |
4 weeks |
2.10% |
2.12% |
$10,000 |
$10,000 |
13 weeks |
2.50% |
2.53% |
$10,000 |
$10,000 |
26 weeks |
2.75% |
2.79% |
$10,000 |
$10,000 |
52 weeks |
3.30% |
3.35% |
$10,000 |
$10,000 |
104 weeks (2 years) |
3.75% |
3.82% |
$10,000 |
$10,000 |
156 weeks (3 years) |
4.00% |
4.08% |
$10,000 |
$10,000 |
• Minimum balance to open of $10,000 is an introductory special.
• All CDARS deposits are FDIC insured.
• CDARS compounds interest daily.
• Maximum order per customer is $10,000,000, per week limit is $2,000,000.
• CDARS orders must be placed by 11:00am on Wednesday for Thursday settlement.
• Customer receives a confirmation from Salem Co-operative Bank via US mail sent on Fridays.
• Substantial penalties for early withdrawal. Ask your Customer Service Representative for details.
• Rates are subject to change at any time.
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