Valley Bank Cd Rates
Overview
Valley Bank Cd Rates Florida
COVID-19 Effective February 16, 2021, we will reopen our lobbies to our customers. Each of our branches has procedures in place for your safety and the safety of our employees and we look forward to safely welcoming you back as we continue to face the impact of the coronavirus together. Belt Valley Bank Customers: Belt Valley Bank is committed to the success of the people and businesses of our communities. Like any business, our first concern is for the health and safety of our staff and customers so steps we may take over the next few weeks to do our part to help slow the spread of COVID-19 will be based on this. Get a personalized rate and payment estimate or speak to a Home Loan Consultant for details. Disclosure: Interest Rates and APRs are subject to change without notice. Mortgage rates valid as of 3/2/2021 10:43:17 AM Sample rates.
Rate Secure.
Secure your savings rate with a fixed rate High-Yield CD.
- Only $100 to open
- No monthly fee
- FDIC Insured
- Optional automatic renewal
- Ability to withdraw interest earnings during the term without penalty.
Click Herefor a list of our current Rates.
Fees may reduce earnings.
Fees
The only charge on any CD is if you withdraw from the principal balance before the maturity date. This is called an early withdrawal penalty. There is no charge or penalty for withdrawing the interest earned during term.
Early Withdrawal Penalties vary and are based on the term of your CD:
Term / Penalty
- Less than 12 months: 3 month interest
- 12 to 60 months: 6 months interest
- Over 60 months to 7 years: 12 months interest
FAQs
Can I choose to have the interest deposited to another account?
Yes. You have the option of having the interest deposited back into the CD or to have it deposited to another account with Cashmere Valley Bank. Interest withdrawals are not penalized.
What happens at maturity?
When you open your account you have the option to have the CD auto-renew or not. If you choose automatic renewal you will be notified by mail of the new effective rate and the APY and be given 9 calendar days after the original maturity date to opt-out of the renewal. If you choose not to auto-renew you may choose to have the balance automatically transferred into another account, or have a check mailed to you.
Do I earn interest during the grace period after maturity?
For those who choose automatic renewal, there is a 9 day grace period after the original maturity date which you have the opportunity to opt-out of the automatic renewal. If you do not opt-out and the CD does renew for another term, you will receive interest during the grace period. If, however, you do choose to not renew the CD then you will not receive accrued interest during the grace period.
Why is there a difference between the Interest Rate and the APY?
The APY, or annual percentage yield, is an annualized rate of return that accounts for compounding interest. The Interest Rate is an annualized rate of return that does not account for the affect of compounding interest. The Interest Rate is the annual rate of return you would receive if you withdrew your interest earnings every period rather than chose to add them back into the CD.
What is the compounding period?
Interest earnings are compounded and paid quarterly based on the daily balance for the period.
Why is there a penalty for withdrawing money before maturity?
A Time Certificate of Deposit provides customers with a competitive, high-yield, rate of interest on funds invested for specific periods of time.
Valley Bank Cd Rates Certificates Of Deposits
- 30 yr. fixed: 2.875% with NO origination fee (3.043% APR)
- 15 yr. fixed: 2.375% with NO origination fee (2.680% APR)
No discount points. Conventional Residential mortgage loan in the amount of $100,000 and assumes an Owner-Occupied property, 20% Down, 720 Credit Score and typical closing costs. Interest rates are representative, do not apply to all transactions and are subject to market changes until locked-in.
In a world where every penny counts Grand Valley Bank strives to provide competitive rates for our Certificates of Deposits, Savings, and Interest-bearing Checking accounts. Our selection of deposit accounts are sure to fit your needs. Whether your goals are short term or long term, we have options for you. We’d love to open your new account today!
Grand Valley Bank offers a variety of prepaid cards for any occasion. From Payroll Cards to Gift Cards, Grand Valley Bank is your one stop shop for your prepaid card needs. Travel cards hold your vacation funds with extra protection. Payroll Cards help employers simplify payroll, and our gift cards keep you away from the hustle and bustle of crowded stores.
Easy, Convenient, Simple. Lighten your wallet with Grand Valley Bank Contactless payment. Go to your mobile wallet and add your card today! All it takes is an open and active debit card to participate. Reach out to your local branch for more information.