• There is a $10,000.00 minimum to open CD .
• Interest compounded daily .
• For maturities up to 90 days the early withdrawal penalty will be 30 days interest on principal amounts withdrawn. Maturities greater than 90 days but less than 1 year, the early withdrawal penalty will be 90 days of interest on the principal amount withdrawn. Maturities greater than 1 year, the early withdrawal penalty will be 180 days of interest on the principal amount withdrawn. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at the then current rate. It will be 10 days after the maturity date to withdraw funds without penalty.
Savings Account | |
---|---|
Interest Rate | |
APY | 0.60% |
Termlength | 12 Month |
Minimum deposit amount | $10,000.00 |
Maximum deposit amount | N/A |
Balance Requirements | |
Minimum Opening Deposit | $10,000.00 |
Minimum Balance to Avoid Fees | $0.00 |
Minimum Required Balance | $10,000.00 |
Fees | |
Monthly Maintenance Fee | N/A |
Foreign ATM Fees | N/A |
Insufficient Funds Fee | $45.00 |
Incoming Wires | $20.00 |
Statements | |
Paper Statements | Yes |
Online Statements | Yes |
Online and Telephone Banking | |
Online Banking | Yes |
Telephone Banking | Yes |
Mobile Banking | Yes |
Deposit Checks with Mobile Device | Yes |
Free Bill Pay | Yes |
Online Bill Payments Required | Yes |
Account Opening | |
Open Online | Yes |
Insured by | F.D.I.C. |
Eldridge D. | Feb 07, 2021
I cannot comment on Bankdirect, but I can comment on the Bask Bank subsidiary. Opening this account to earn AAdvantage miles is the best move I've made in years! I am getting 100,000 frequent flier miles and that is more than enough to get my spouse and me to Hawaii and back versus maybe $600 a year before tax (I saw maybe because rates are still falling). If you want to open an account, I can help you. Contact me at eldridge.
Rajit C | Oct 17, 2020
Is it possible to covert to this 0.75% account from Bask? I am not using airmiles during the pandemic.
Jerry N | Aug 23, 2020
I opened an account and then I realized that it is the same parent that owns Bask Bank and that took me over FDIC limits so I closed this because I prefer the Bask account. I am writing this to warn others.