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CDs and CDARs Savings Options

Easy Comparison Chart

Account Features & BenefitsRegular Certificates of DepositJumbo Certificates of DepositCDARs – Certificates of Deposit Account Registry Service
Minimum Deposit to Open and Obtain APY$1,000*$100,000*Speak to a BMT Representative for details
Terms AvailableFrom 91 days to 5 yearsFrom 30 days to 1 yearThrough 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. Fixed for term selected. Interest is credited at maturity unless you selected an interest payment option when you opened the certificate Vary by offering institution
Deposit LimitsVaries.Varies.Varies.
Withdrawal LimitsAt maturity, without penalty. Early withdrawals are subject to penaltyAt maturity, without penalty. Early withdrawals are subject to penaltyAt maturity, without penalty. Early withdrawals are subject to penalty
Monthly Service FeeNoneNoneNone
Access to FundsNone until maturity, without incurring early withdrawal penaltyNone until maturity, without incurring early withdrawal penaltyNone until maturity, without incurring early withdrawal penalty
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