For Savers and Investors who are willing to invest for a set amount of time without access to their funds to receive a fixed interest rate higher than other savings instruments.
CDs are a bank deposit and are therefore insured by the FDIC, so CDs are perfect for risk adverse investors who want to maximize their returns but are not comfortable with non-FDIC insured investments.
Maturities ranged from 7 days to 5 years.Interest accrues on the Daily Balance and posts quarterly to your principal balance.
Upon request: You may receive your Interest by check. If a CD principal is at least $5,000 or more, you may receive your interest check monthly, otherwise they are issued on a quarterly or semi-annual basis. You may have your interest direct deposited into any Alliance Bank deposit account.
Some restrictions may apply.
For maturities less than 6 months, interest is paid at maturity only.
CDs can be used as collateral for loans.
Rates for CDs of $100,000+ are considered "Jumbos" and are quoted on request by an officer of the bank.
Rates are based on market conditions and are subject to change weekly.
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