Prime Alliance Bank:
Online Certificate of Deposit - 0.45% APY
• 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.
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 0.45% |
| 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
John218632
October 1, 2021 |
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
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
Rach 05
April 19, 2021 |
If 0.60% is one of the best rates and it is, then I have nothing to complain about. It has been an easy enough experience.
Is this review helpful? Yes:2 / No: 0
Amy2B
March 11, 2021 |
Prime Alliance is another one of these tiny Utah banks that sometimes competes for deposit dollars. It is a little strange with all of the limitations on transfers but these limitations are easily defeated / overcome by transferring in and out from an external account (in my case at Wells Fargo). As long as you can do that, the rate makes it worthwhile. Phone support is also very helpful.
Is this review helpful? Yes:2 / No: 1
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