Phone: (800) 643-6610
Flex-Rate Certificate of Deposit (CD)
With Seattle Bank's Flex Rate CD, you have the option to increase your interest rate once during the term. This CD gives you that one opportunity to say, "boost my rate" at no cost or penalty.
- 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
- 18 month term
- Safe investment with higher rates than savings account
- Interest compounded daily, paid quarterly
- Interest paid by check, deposited to a Seattle Bank account, or reinvested in the CD
- Automatic renewal unless instructed otherwise
- FDIC insured
- Penalty assessed for early withdrawal
