Let’s say you have some extra cash — maybe a bonus or a well-nurtured nest egg, but nothing to spend it on. Not a bad problem to have. You could buy stocks and just hope for the best, or get a guaranteed return with a federally insured certificate of deposit. Earn fixed rates higher than Personal Savings. The longer you wait, the richer you’ll be — longer terms receive even higher rates. And there are no setup or maintenance fees diminishing your return.
*Limited-time offer that may be withdrawn at any time. Annual Percentage Yield (APY) is valid as of 12.01.17 and assumes monthly compounding. Minimum balance to open this Certificate of Deposit (CD) and earn the stated APY is $1,000 in new money. New money is defined as money that was not on deposit with NorStates Bank at or within 90 days prior to account opening. Money must remain on deposit for length of time specified to earn stated APY. Upon maturity, this CD will automatically renew in 12-month intervals earning the then current APY of the traditional 12-month CD. Penalty for early withdrawal. Fees may reduce earnings. Offer is restricted to consumer accounts only and is not valid for brokered deposits, institutional investors, or public funds. IRAs are eligible.
*Early withdrawal penalties (Principal may not be withdrawn before maturity. Interest may only be withdrawn as determined at the time the account is opened. A penalty may be imposed for withdrawals of any principal before maturity.)
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plans.