Phone: (800) 643-6610
Flex Rate CD
If a CD is smart, this is pure genius. With a Flex Rate CD from Seattle Bank, you have the option to bump your fixed interest rate once during the term. So if rates have gone up since you opened your CD, you don't miss out!
- Summary
- Minimum opening deposit of $1,000
- Fixed interest rate with option to bump up to the current posted rate one time during the term
- Terms range from 3 months to 3 years
- Safe investment with much higher rates than savings account
- Interest compounded daily, paid monthly or quarterly
- Interest paid by check, deposit to Seattle Bank account, or reinvest in CD
- Automatic renewal unless instructed otherwise
- FDIC insured
- Penalty assessed for early withdrawal
- Credited interest can be withdrawn without penalty
