| Account Features & Benefits | Regular Certificates of Deposit | Jumbo Certificates of Deposit | CDARs – Certificates of Deposit Account Registry Service | ||||||||||||||||||||||||
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| Minimum Deposit to Open and Obtain APY | $1,000*. | $100,000*. | Speak to a BMT Representative for details. | ||||||||||||||||||||||||
| Terms Available | From 91 days to 5 years. | From 30 days to 1 year. | Through this service, we can place large deposits into smaller denomination CDs at multiple FDIC-insured banks, offering FDIC insurance coverage up to $50 million. Wide range of options available. | ||||||||||||||||||||||||
| Interest and How It’s Paid | Fixed for term selected. Interest is credited at maturity unless you selected an interest payment option when you opened the certificate.See Rates | Fixed for term selected. Interest is credited at maturity unless you selected an interest payment option when you opened the certificate.See Rates | Vary by offering institution. | ||||||||||||||||||||||||
| Deposit Limits | Varies. | Varies. | Varies. | ||||||||||||||||||||||||
| Withdrawal Limits | At maturity, without penalty. Early withdrawals are subject to penalty. | At maturity, without penalty. Early withdrawals are subject to penalty. | At maturity, without penalty. Early withdrawals are subject to penalty. | ||||||||||||||||||||||||
| Monthly Service Fee | None | None | None | ||||||||||||||||||||||||
| Access to Funds | None until maturity, without incurring early withdrawal penalty. | None until maturity, without incurring early withdrawal penalty. | None until maturity, without incurring early withdrawal penalty. | ||||||||||||||||||||||||
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