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Statement Savings Accounts

0.25 % APY*

Truth in Savings Information

Rate Information

Your interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account daily. The interest rate on your account will never be less than 0.00%.

Interest Information

Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest is compounded quarterly and credited quarterly. If you close your account before the interest is credited, you will receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Withdrawal Information

Limited to six (6) withdrawals per month, fee for each additional withdrawal over six (6) per month (assessed quarterly)

Minimum Balance Information

Minimum deposit to open account is $500. Minimum balance necessary to obtain annual percentage yield is $500.

Additional Terms

We reserve the right to limit your aggregate deposit balances to $1,000,000 per taxpayer identification number.

Let's get started...

Open a myCDbank.com savings account online or if you have questions, please call us at 877-771-MYCD (877-771-6923).
  • All products insured by the FDIC to at least $250,000 per deposit account
  • Easy access to your funds

 

Statement Savings Account Fees
Account Fees
Account Fees Cost
Limited to six (6) withdrawals per month, fee for each additional withdrawal over six (6) per month (assessed quarterly) $  1.00
Fee assessed if the account is closed within six (6) months $15.00
Quarterly minimum balance fee if the daily balance drops below $500 any day of the quarter $  3.00
Returned deposits (per item) $  7.50
Stop Payment (per item) $25.00
Administrative Fees
Administrative Fees Cost
Wire transfer, domestic $15.00
Wire transfer, foreign $60.00
Wire transfer, incoming NO CHARGE
Cashier's check, customer $ 3.00
Cashier's check, non customer $10.00
Research, per hour (minimum 1 hour) $25.00
Photocopy of check $ 3.00
Collection item, plus additional fees imposed by bank $10.00
Photocopy/microfilm copy, statement $ 4.00
Photocopy/microfilm copy, other item $ 3.00
Direct deposit service NO CHARGE
Compliance with legal orders, per hour $35.00

Note: Fees may reduce earnings
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