Certificate
of Deposit Account Details
Current Annual Percentage Yields/Interest Rates are
available by contacting Signature Bank in Windsor at (970) 674-3600 or Greeley at (970) 330-1200.
The minimum balance to open and maintain a CD is $500
unless otherwise noted.
Certificates of Deposit
Available for terms beginning at 6 months through 36
months.
Individual Retirement Accounts
(IRA, SEP, ROTH)
Available for terms beginning at 6 months through 36
months.
Minimum balances for Retirement Accounts are
only $1.
Interest rates
and APY’s are effective as of
07/22/2010 and
are subject to change without notice.
NO BROKERED OR WHOLESALE CD'S ACCEPTED.
| Certificates
of Deposit & Retirement Accounts |
| |
|
|
Term |
Annual
Percentage Yield |
Interest
Rate |
| 6 Month Liquid CD |
1.10% |
1.10% |
Funds must be on deposit for 30 days or early withdrawal penalties apply. After initial 30 days funds may be withdrawn at any time penalty free. Interest rate automatically adjusts to current interest rate offerings every 6 months from initial/original date of deposit or renewal.
Non-retirement account offering. |
| |
|
|
| 6 Month CD |
1.10% |
1.10% |
| |
|
|
12 Month Signature
Add On CD |
1.42% |
1.41% |
Minimum to open a Signature Add On
CD is $100.
Non-retirement account offering. |
| |
|
|
| 12 Month CD |
1.42% |
1.41% |
| |
|
|
| 15 Month Variable Rate CD |
1.53% |
1.52% |
| Variable rate CD where you select the date when your interest rate may be stepped up – limitation of one step up per 15 month CD term. Minimum deposit amount is $100. The maximum overall deposit amount for this CD is $500,000. |
| |
|
|
| 18 Month Variable Rate CD |
1.53% |
1.52% |
| Variable rate CD. Interest rates are reviewed on the 15th of each month and if the average Signature Bank market interest rate for an 18 month CD term has increased – the rate on your CD will also increase for the next month. However, if interest rates should decline, your interest rate would decrease. Your interest rate will never drop below the interest rate set at account opening or on your automatic renewal date. Minimum deposit amount is $100. The maximum overall deposit amount for this CD is $500,000. |
| |
|
|
| 24 Month CD |
2.00% |
1.99% |
| |
|
|
| 36 Month CD |
2.00% |
1.99% |
| |
|
|
The Annual Percentage Yield assumes
interest will remain on deposit until maturity. Interest
is posted quarterly to all CD’s. Other
interest options are available but may reduce overall
earnings. Interest is paid at maturity on terms
under 90 days. Interest rates are guaranteed
for the current term. We use the daily interest
balance method to calculate the interest on your
account/CD. This method applies a daily periodic
rate to the principal in the account each day. |
| |
| Early withdrawal penalties apply. |
| |
| CD’s automatically renew at
maturity at the interest rate we offer for deposits
of the equivalent amount and term. |
| |
| Fees could reduce earnings on accounts. |
| |
| All Retirement CD’s can receive
additional deposits throughout their term. |
| |
| For additional information please
refer to our Truth in Savings Disclosure. |
| |
|
