Phoenix Loyalty CD
Consider our Phoenix Loyalty CD, which rewards you for keeping your investment with Miners Bank. Open your 1-year Phoenix Loyalty CD and begin earning at an above-market rate. With each successive year that you leave your CD with us, you'll earn a progressively higher rate over the market rate. In addition, you may add new deposits to your Phoenix Loyalty CD at any time!!
Features:
- One year term
- Current introductory rate of 0.5% APY. (as of June 23, 2011)
- Rates compounded quarterly
- $10,000 initial deposit
- Add new funds to your Phoenix Loyalty CD at any time and begin earning even more
- Additional deposits must be a minimum of $500
- Certificates are automatically renewable, with the next term earning an even larger rate premium
- Premiums over our regular 12-month CD will go up each year, as follows:
- Year 2: 10 basis points
- Year 3: 15 basis points
- Year 4: 20 basis points
- Year 5 and beyond: 25 basis points
- Withdrawals before maturity may be subject to an early withdrawal penalty
- Interest added to CD balance, deposited to a Miners bank checking or savings account.
- Interest checks can be issued for a CD greater than $25,000.00
- Quarterly statements to let you track your deposit growth
For a complete listing of our CD terms and rates click here. If you prefer you may stop by any of our offices or call our customer service representative at (570) 544-4787.
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