CDARS
Learn more about these products on our CDARS page.
Rates effective as of 3/25/09 at 12:01 AM Eastern Time.
| CDARS | |||
| Term | Interest Rate | Annual Percentage Yield | Early Withdrawal Penalty |
|---|---|---|---|
| 4 Weeks | 0.90% | 0.90% | 28 days of interest on amount withdrawn |
| 13 Weeks (3 Months) | 0.90% | 0.90% | 90 days of interest on amount withdrawn |
| 26 Weeks (6 Months) | 0.55% | 0.55% | 90 days of interest on amount withdrawn |
| 52 Weeks (12 Months) | 1.64% | 1.65% | 180 days of interest on amount withdrawn |
| 104 Weeks (2 Years) | 2.62% | 2.65% | 260 days of interest on amount withdrawn |
| 156 Weeks (3 Years) | 1.64% | 1.65% | 540 days of interest on amount withdrawn |
Rates and APYs are subject to change at any time. Interest rate is fixed after account opening. Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Advantage Bank. The agreement contains important information and conditions regarding the placement of funds by us. Please read the agreement carefully before signing it. With customer consent, we may choose to receive fee income instead of matching deposits from other banks. Interest is compounded daily. An Advantage Bank checking or money market account is required. Interest will be credited to an Advantage Bank checking or money market account quarterly, or monthly upon request. Early withdrawal penalties may reduce principal balance. Minimum balance to open an account is $100,000. CDARS is a registered service mark of Promontory Interfinancial Network, LLC. Member FDIC.
