Central Washington businesses know how to move quickly to take advantage of profitable opportunities. At Cashmere Valley Bank, our 24-Month Rising Rate CD gives your business a chance to put this skill into practice. If you see that interest rates have gone up any time during the CDs term, you can lock into that higher rate and increase your earning power.
- $100 minimum deposit, no monthly fee
- You may contact us and bump up this CD's rate once during the 24-month term
- CD automatically renews unless you notify Cashmere Valley Bank
- Your business can withdraw interest earnings during the CD term without penalty.
- The only charge on any CD is if you withdraw from the principal balance before the maturity date, known as an early withdrawal penalty
- Safe, secure savings tool with funds protected by the Federal Deposit Insurance Corp (FDIC)
Early Withdrawal Penalties
Your best bet is to keep your money invested for the full term. If you withdraw your principal before your CD matures, you'll be sacrificing interest. The amount depends on your CD's term:
- 3 month term: 1 month interest
- 6 to 12 month term: 3 month interest
- 12 to 60 month term: 6 months interest
- Over 60 months to 7 years term: 12 months interest