Have you heard of a CD that pays you a bonus when you withdraw early?
When rates change, our CDtwo, a next-generation CD, gives you options - including a bonus when you withdraw early and interest rates have declined.
CDtwo is the same as a traditional CD, except without a standard early withdrawal penalty. Like any other CD, it pays a fixed rate of interest over the life of the deposit. The client can keep his or her money in the account and earn the stated rate to maturity.
With CDtwo you get:
- Choices - Terms to maturity can be selected up to 60 months. Hold the CD to maturity or redeem early and collect a possible bonus
- Flexibility - The decision and timing of any early withdrawal is entirely yours
- $1,000 minimum deposit to open
CDtwo is a trademark of Stanley Performance Strategies LLC. Partial withdrawals are allowed. Penalty for early withdrawal only if interest rates rise. Penalty for the first 7 days is 7 days of interest. After the first 7 days, the penalty/bonus is determined by the Replacement Fee. The Replacement Fee is an estimate of the interest cost to us if we were to replace a CD that is withdrawn early with another deposit having a term that is comparable to the remaining term of the original CD. 5 month - 60 month terms available. If interest rates have risen, then the cost of the new deposit will be higher. If interest rates have fallen, then the cost of the new deposit will be lower. The Bank of Tioga reserves the right to limit deposits to this account. $10,000 minimum to open. The Bank of Tioga, Member FDIC. Equal Housing Lender.