National Cooperative Bank:
Online Certificate of Deposit - 5.02% APY
• The interest rate on your account is 0.65% with an annual percentage yield of 0.65%.
• The rate and annual percentage yield is fixed until the first maturity of the CD.
• Interest will credit at the end of each quarter and compound daily.
• Must deposit $2500.00 to open this account.
• Must maintain a minimum balance of $2,500.00 in the account each day to obtain the annual percentage yield disclosed.
• Interest can be withdrawn before maturity.
• A penalty will be imposed for withdrawals before maturity. The penalty on a 12 month Impact CD is an amount equal to 6 months’ worth of interest calculated.
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 5.02% |
| Term Length | 12 Month |
| Minimum deposit amount | $2,500.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $2,500.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $2,500.00 |
| Fees | |
| Early withdrawal penalty | 6 months of interest |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | $3.00 |
| Insufficient Funds Fee | $35.00 |
| Incoming Wires | $25.00 |
| 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. |
Recent Rate Changes
| Date | APY |
|---|---|
| October 13, 2023 | 5.02% |
| August 20, 2023 | 5.18% |
Customer Reviews for National Cooperative Bank
JC
June 1, 2021 |
Update: STAY AWAY FROM THIS BANK! They have no clue how to run an online bank. This bank is not ready for prime time. Nothing but problems. Customer service is dismal at best.
Is this review helpful? Yes:7 / No: 0
JC
November 2, 2020 |
WARNING! I just opened a new account and at this time you CANNOT transfer or withdraw your funds via ACH through them. You may use an external bank's ACH to withdraw, however. No where on their website is this stated. I was told NCB is working to enable ACH transfers but no can do now. This is insane! Obviously NCB is not ready for prime time.
Is this review helpful? Yes:10 / No: 0
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