9 Month CD - Regular and IRA
Interest Rate 4.17% Annual Percentage Yield* 4.25%
*Annual Percentage Yield (APY) is accurate as of February 15, 2023. New Money (funds not currently on deposit with Cornerstone Bank) required to receive APY. $500 minimum to open, you must maintain a minimum daily balance of $500 in the account each day to obtain the disclosed annual percentage yield. You will be paid this interest rate until maturity. Interest is compounded every month and will be credited to the account every month. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding. If you close your account before interest is credited, you will receive the accrued interest. Fees may reduce earnings. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks.) You may not make deposits into or withdrawals from your account until the maturity date. We may impose a penalty if you withdraw any or all of the principal before the maturity date. The fee imposed will equal 90 days of interest. Your account will automatically renew at maturity. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.