12 Month Cd Rates
If you’re looking for the Best 12-Month CD Rates to invest your funds in, you’re in the right spot. Below is our guide to help you find the Best 12-Month CD Rates. Certificate of deposits, otherwise known as CDs, will offer you one of the best & secure way to get a return on your money when you invest it with your bank/credit union of choice. The early withdrawal penalties (EWPs) of First Internet Bank CDs are on the high side which is a shortcoming. As examples, the 12-month CD EWP is 180 days of interest, and the 60-month CD EWP is 360 days of interest. One or more beneficiaries can be designated on CD accounts, and social security numbers are not required for the beneficiaries.
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A safe, guaranteed return on your investment makes our CDs a great option to help you save for the future.
- Variable opening amounts
- Interest Rate: Based on term – Click here to call for current rates.
- Interest Paid: At maturity on less than 12 months term; quarterly for terms of 12 months or more.
- Penalties: Early withdrawal penalty if withdrawn before maturity. The following penalties apply if the certificate is redeemed prior to maturity:
- Terms of 7 to 31 days: the greater of the actual interest earned or 15 days interest.
- Terms of 32 days to 12 months: one month of interest.
- Terms greater than 12 months but less than 36 months: three months interest.
- Terms of 36 months or more: six months interest.
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