Certificates
13-Month New Money Certificate Special
|
Minimum Opening Balance
|
Term
|
Interest Rate
|
APY*
|
|---|---|---|---|
| $500 + | 13 Months | 3.68% | 3.75% |
*APY = Annual Percentage Yield. The Annual Percentage Yield assumes interest remains on deposit until maturity. Open with a minimum of $500 from sources outside of Ideal. If combining with existing funds deposited at Ideal, a minimum of $5,000 in additional new money is required. Interest begins to accrue on the business day you deposit any non-cash item (for example, checks). Interest is compounded and credited on a monthly basis. Certificate Special is available as a traditional or IRA CD. Penalty for early withdrawal - CDs with maturity dates greater than 12 months will be assessed the lesser of 180 days interest or interest earned/CD with maturity dates 12 months or less will be assessed the lesser of 90 days interest or interest earned. Fees may reduce earnings.
Regular & IRA Certificate Rates
|
Term2
|
$500.00 - $24,999.99
APY1 |
$25,000.00 - $69,999.99
APY1 |
$70,000.00 +
APY1 |
|---|---|---|---|
| 3 Month | 3.00% | 3.00% | 3.00% |
| 6 Month | 3.50% | 3.50% | 3.50% |
| 12 Month | 3.60% | 3.60% | 3.60% |
| 18 Month | 3.00% | 3.00% | 3.00% |
| 24 Month | 3.00% | 3.00% | 3.00% |
| 30 Month | 3.50% | 3.50% | 3.50% |
| 36 Month | 3.00% | 3.00% | 3.00% |
| 48 Month | 3.00% | 3.00% | 3.00% |
| 60 Month | 3.00% | 3.00% | 3.00% |
1 The Annual Percentage Yield (APY) assumes interest remains on deposit until maturity. Rates subject to change at any time. A withdrawal will reduce earnings. Interest begins to accrue on the business day you deposit any non-cash item (for example, checks). Interest is compounded and credited on a monthly basis.
2 Penalty for early withdrawal. Certificates with maturity dates greater than 12 months will be assessed the lesser of 180 days interest or interest earned/Certificates with maturity dates 12 months or less will be assessed the lesser of 90 days interest or interest earned. Rates subject to change at any time.
Savers Certificate Rates
|
Minimum Opening Balance
|
Term2
|
Interest Rate
|
APY1
|
|---|---|---|---|
| $100 | 6 Month | 1.05% | 1.06% |
| $100 | 12 Month | 1.45% | 1.46% |
| $100 | 18 Month | 2.60% | 2.64% |
| $100 | 24 Month | 2.60% | 2.64% |
| $100 | 30 Month | 2.60% | 2.64% |
| $100 | 36 Month | 2.60% | 2.64% |
| $100 | 48 Month | 2.60% | 2.64% |
| $100 | 60 Month | 2.60% | 2.64% |
1 The Annual Percentage Yield (APY) assumes interest remains on deposit until maturity. Rates subject to change at any time. A withdrawal will reduce earnings. Interest begins to accrue on the business day you deposit any non-cash item (for example, checks). Interest is compounded and credited on a monthly basis.
2 Penalty for early withdrawal. Certificates with maturity dates greater than 12 months will be assessed the lesser of 180 days interest or interest earned/Certificates with maturity dates 12 months or less will be assessed the lesser of 90 days interest or interest earned. Rates subject to change at any time.