Liquid Certificate of Deposit (CD)

Seattle Bank's new Liquid CD is a fixed rate and fixed term certificate of deposit that allows you one penalty-free withdrawal per calendar month. A Liquid CD offers the security of a fixed interest rate for a specific term, but with the peace of mind of knowing you can access your money in case of an emergency. How perfect is that in today's economy?

Summary

• Available for 13 month and 25 month terms
• Allows one penalty free withdrawal per calendar month
• $25,000 minimum balance is required to open, and must be maintained at all times
• Rate is fixed for the duration of the certificate
• Withdrawals must be at least seven days apart, and first withdrawal must be at least seven days from opening the account
• Will renew into a standard, non-liquid 12- or 24-month term CD
• Interest is paid quarterly, and may be paid by check, deposited to a Seattle Bank account, or reinvested in the CD
• Available as a personal, IRA, or business account
• FDIC-insured