CFG Bank:
Online Certificate of Deposit - 1.77% APY
• No additional deposits are permitted after initial deposit.
• The minimum balance for all CDs is $500, and the maximum deposit is $250,000.
• Fees could reduce the earnings on the account.
• These accounts are subject to an early withdrawal penalty.
• All accounts are subject to a 7 days interest penalty if withdrawal occurs within 6 days of account opening.
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 1.77% |
| Term Length | 12 Month |
| Minimum deposit amount | $500.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $500.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $500.00 |
| Fees | |
| Early withdrawal penalty | Six Months of Interest |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | N/A |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | × |
| 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. |
Customer Reviews for CFG Bank
Frenchie
June 9, 2022 |
I might not recommend to someone outside Baltimore. Rates are great, but it is not the easiest website to use and bank is too small to give comfort. Not really a national bank.
Is this review helpful? Yes:0 / No: 0
E1t
May 16, 2022 |
I get it. Rates are good and all of that, but the website is terrible. Cannot log in. Need to keep resetting password. Need to call if I want to make any sort of transaction in or out. Just not user friendly. Hate to run back to Synchrony or CIT because they don't compete on rates any longer, but I am going to check out the other consistent rate leaders and switch to something that really is a functional online account.
Is this review helpful? Yes:0 / No: 0
097JeffTeigh
April 26, 2022 |
easy,nice to work with but confusing website
Is this review helpful? Yes:0 / No: 0
Theresa
April 7, 2022 |
CFG is ok, but it really is no an online account.
Is this review helpful? Yes:0 / No: 0
Lyons01
February 1, 2022 |
Product changes - savings to CD, maturing CD to savings, non-penalty CD to anything, etc - cannot be done online. Need to call and get forms emailed, sign, scan, and return. The rest of the experience may be fine, but without the ability to do this, it isn't an "online" bank.
Is this review helpful? Yes:1 / No: 0
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