TYPE OF PLAN |
CD 1, 2, 3 |
FLEX CD 1, 2 |
|
Recommended if you want... |
Have a safe investment with a fixed interest rate through maturity. |
Have a CD that allows additional deposits. |
| Minimum Opening Deposit |
$2,500 |
$1,000 |
|
Interest |
| • |
Fixed rate for term |
| • |
Compounds monthly |
| • |
Credits monthly |
|
| • |
Variable rate which adjusts annually |
| • |
Compounds quarterly |
| • |
Credits quarterly |
|
| Term |
7 days - 5 years |
3 - 18 years |
| Minimum Daily
Balance to avoid monthly Maintenance Fee |
N/A |
N/A |
| Monthly
Maintenance Fee if Requirements not met |
None |
None |
| Statement |
N/A |
Quarterly |
| Online Banking |
Free access |
Free access |
|
Other Features and Benefits |
| • |
Earn a higher APY than regular savings deposits |
| • |
Interest may be credited to a Cathay savings or checking account |
| • |
Term automatically renews at maturity or can be a fixed maturity |
|
| • |
Allows unlimited additional deposits up to 7 days before maturity date |
|
|
1 A penalty will be imposed for early withdrawal.
2 No ATM service allowed.
3 Fees can reduce the earnings on the account.
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Checking
