(9) If balance falls below $25 any time during the statement cycle, a monthly maintenance fee of $1.00 will apply. (8) If balance falls below the $2,500 any time during the statement cycle, a monthly maintenance fee of $6.00 will apply. (7) No minimum balance required to obtain APY. By putting aside money for a set period of time, you can earn higher interest rates and reach your savings goals more quickly. (6) To earn the higher interest rate, it is required to complete at least 15 settled Bank of Lake Mills Debit Card point of sale transactions (excludes ATM transactions) and complete at least 5 electronic Bill Payments using Bank of Lake Mills Online Bill Pay during each monthly statement cycle. Bank CD accounts offer steady interest rates to fit your savings goals. (5) A monthly Paper Statement Fee of $3.00 will be assessed if not enrolled in Online Statements. (3) Interest rate may change after account is opened. (2) Additional deposits not to exceed $25,000 per certificate term. (1) Available for rollovers, transfers, and contributions. Substantial penalty for early withdrawal. While the Fed may continue raising the interest rate for. APY (Annual Percentage Yield) offer effective Octoand is subject to change. The average national deposit rate for a three-year CD is 1.38 APY (as of October 16, 2023). Ask us for other applicable fees and terms. The best two-year CD rates pay far more than the national average of 1.47 percent APY, according to Bankrates national index survey of banks and thrifts on Dec. You can see this in data reported by the FDIC. Early withdrawal may be subject to penalty. CD rate trends 2023: 1-year and 18-month CDs Popular Direct. Withdrawal of interest will reduce earnings.

2 year cd interest rates