Annual Percentage Yield 1.60% 1.61% APY on 15 Month CD
|Minimum Balance to Open $1,000||Minimum Balance to Obtain APY* $1,000|
|Early Withdrawal Penalty May Apply||Fees May Reduce Earnings|
|Rates Are Subject to Change|
Permissible rates. If an advertisement states a rate of return, it shall state the rate as an “annual percentage yield” using that term. (The abbreviation “APY” may be used provided the term “annual percentage yield” is stated at least once in the advertisement.) The advertisement shall not state any other rate, except that the “interest rate,” using that term, may be stated in conjunction with, but not more conspicuously than, the annual percentage yield to which it relates.
Time annual percentage yield is offered. The period of time the annual percentage yield will be offered, or a statement that the annual percentage yield is accurate as of a specified date or term of the account.
Minimum balance. The minimum balance required to obtain the advertised annual percentage yield. For tiered-rate accounts, the minimum balance required for each tier shall be stated in close proximity and with equal prominence to the applicable annual percentage yield.
Minimum opening deposit. The minimum deposit required to open the account, if it is greater than the minimum balance necessary to obtain the advertised annual percentage yield.
Early withdrawal penalties: A statement that a penalty will or may be imposed for early withdrawal.