• For Certificate of Deposit accounts, the interest rate (Rate) and annual percentage yield (APY) disclosed at account opening is fixed and will not change until the CD renews.
• Any withdrawal of interest prior to maturity will reduce earnings.
• Interest is paid quarterly.
Certificate of Deposit | |
---|---|
Interest Rate | |
APY | 1.85% |
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 | $0.00 |
Fees | |
Early withdrawal penalty | |
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 | × |
Online Bill Payments Required | Yes |
Account Opening | |
Open Online | Yes |
Insured by | F.D.I.C. |
Customer Reviews for Prime Alliance Bank (9)
JaySN
December 6, 2021 |
Works fine, but I wish interest were credited monthly and not quarterly.
Is this review helpful? Yes:0 / No: 0
StuartC03
November 15, 2021 |
Great rate and never a problem.
Is this review helpful? Yes:0 / No: 0
John218632
October 1, 2021 | | Replies 1
I opened the account, having seen it listed on this site or on ratesandinfo.com after they raised their rate. I have not been disappointed but I have not needed to reach customer service. I did notice that interest is only credited quarterly and that means you will lose accrued interest in you close it on a day other than Jan 1, April 1, July 1 or October 1.
Is this review helpful? Yes:0 / No: 0
jennilou23 | Aug 7, 2022
You will not lose interest if closed before the next interest posting
LauraB
May 29, 2021 |
Not a bad experience to open the account. I only learned that interest is credited quarterly and that is at least a nuisance. I wish I had known.
Is this review helpful? Yes:3 / No: 0
Grory Geoff
May 5, 2021 |
Easy as pie and well worth my time to get 50% more than the major online banks are offering.
Is this review helpful? Yes:3 / No: 0
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