Certificate of Deposit (COD)

APY as of January 10, 2023. APY subject to change.

COD Simple APY *Compound APY Minimum to Open Automatic Renewal Term
3 Month 0.21 0.21 $1,000.00 3 Month
6 Month 0.26 0.26 $1,000.00 6 Month
12 Month 0.41 0.41 $1,000.00 12 Month
15 Month Flex CD 0.46 0.46 $10,000.00 18 Month
18 Month 0.51 0.51 $1,000.00 18 Month
2 Year 0.75 0.75 $1,000.00 24 Month
2 Year Rising Rate CD 0.66 0.66 $1,000.00 24 Month
3 Year 0.91 0.91 $1,000.00 36 Month
42 Month 1.12 1.12 $1,000.00 48 Month
4 Year 1.16 1.17 $1,000.00 48 Month
5 Year 1.40 1.41 $1,000.00 60 Month

 

*Compound CD's compound quarterly and credited quarterly - 2 year rising Rate CD: Rate adjusts every 6 months: 1st 6 months 0.21%, 2nd 6 months 0.51%, 3rd 6 months 0.81%, last 6 months 1.11%.

Daily Balance Computation Method

We use the Daily Balance method to calculate the interest on your account. This method applies a daily periodic rate to the full amount of principal in the account each day.

Accrual of Interest on Noncash Items

Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction Limitations

You may not make any deposits into your account before maturity. You may not make withdrawals of principal from your account before maturity.

Automatic Renewal

You must notify us in writing before or within 10 days grace period after the maturity if you do not want the account to automatically renew.

Early Withdrawal Penalties

A penalty may be imposed for withdrawals before maturity. If your account has an original maturity of 12 months or less, your account may be charged an early withdrawal penalty in an amount equal to 90 days' interest. If your account has an original maturity of more than 12 months but less than 36 months, your account may be charged an early withdrawal penalty in an amount equal to 210 days' interest. If your account has an original maturity of more than 36 months, your account may be charged an early withdrawal penalty in an amount equal to 270 days' interest. This early withdrawal penalty may invade principal.

Rate Information

All rates are subject to change. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal fee will reduce earnings.
If you would like more current rate and yield information, please call 1-877-698-3278.

This Web site is for marketing purposes and is not designed as a substitute for full account disclosure of any product described in this Web site. Please contact BOS for more information.

Chat