Bank offers little information online about fees and other important terms surrounding its CDs. You can only trade up once during the initial term and you must visit a U.S. If interest rates rise during the term, you have the option to trade up to the higher rate. Bank has one more type of CD in its repertoire: the Trade Up CD, which comes in terms of 30 months (at 0.10% APY) and 60 months (at 0.40% APY). Interest rates are set when the CD is opened and can’t be changed.

With this CD, the interest rate increases on a set schedule and by a set amount every seven months. Bank offers a 28-month Step Up CD that pays a blended 0.35% APY. In addition to its standard CDs and CD Specials, U.S. Note that rates vary by state and ZIP Code so check the website before applying. Bank, you’ll be better served by looking directly at the bank’s current CD Specials. This means if you’re interested in a CD from U.S. The rates on these promotional CDs are far higher than what U.S. Bank come in terms of 7 months, 11 months, 13 months and 19 months. The specials are subject to the same $250,000 maximum deposit.ĬD Specials from U.S. The bank pays somewhat better rates on what it calls its CD Specials, which require a higher $1,000 minimum deposit. However, their returns are low and investors would do better looking elsewhere to maximize their returns.

Bank standard CDs require a minimum opening balance of $500, with a maximum deposit of $250,000, putting these CDs within reach for many savers. Qualified related owners are: Spouse, minor or dependent children, customer or spouse as trustee of a revocable or irrevocable trust he/ she created customer or spouse as grantor of revocable or irrevocable trust customer or spouse as trustee or grantor of a marital trust customer or spouse as custodian of a custodial account for the benefit of the minor or dependent child, all living in the same household.U.S. Certificate of Deposits owned by a combination of qualified related owners may be aggregated to equal or exceed the $1,000,000. **More than one Certificate of Deposit (currently opened or being opened) may be aggregated to equal the $1,000,000. You generally cannot make withdrawals without an early withdrawal penalty. In most cases, certificate of deposits are automatically renewable and, once the term expires, you have 10 calendar days to add or change the term with no penalty. Annual Percentage Yields (APYs) quoted are accurate as of and are subject to change without notice.

Cd interest rates