*Rate Information: The interest rate for your fixed rate CD will be paid until the maturity date. The Annual Percentage Yield (APY) is accurate as of date viewed and assumes interest remains on deposit until maturity and a withdrawal will reduce earnings. Interest is compounded monthly and will be credited monthly.
Minimum Balance Requirements: You must deposit $1,000 to open a Certificate of Deposit - CD or $250 for IRA CDs. You must deposit $10,000 to open a Personal Internet CD and $100,000 to open a Jumbo Personal Internet CD.
Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual on Non-Cash Deposits: Interest begins to accrue no later than the business day you deposit non-cash items (i.e. checks).
Transaction Limitations: After the account is opened, you may not make deposits into or withdrawals from this account until maturity.
Early Withdrawal Penalty: If the maturity of the time deposit is seven to 29 days or any portion thereof, the depositor will forfeit an amount equal to seven days simple interest on the amount withdrawn. Maturity of the deposit is at least 30 days but less than 1 year, or any portion thereof, the depositor will forfeit an amount equal to 30 days simple interest on the amount withdrawn. If the maturity of the time deposit is at least one year, but less than two years, or any portion thereof, the depositor will forfeit an amount equal to 90 days simple interest on the amount withdrawn. If the maturity is two years or more, the depositor will forfeit an amount equal to 180 days simple interest on the amount withdrawn. All bonus interest in excess of the stated rate of the time deposit earned or that could have been earned as a result of a promotional program will be forfeited. Penalty will be waived if depositor dies or is declared incompetent.
Renewal Policy: The grace period for the automatically renewing CD is 10 calendar days from the maturity date to withdraw your funds without being charged a penalty. For CDs with terms of less than 30 days, the grace period is 3 calendar days. Changes to the term may be made during the grace period.
Rising Rate: Option available on 1 year, 18 month, 2 years, and 3 years CDs, excluding CDs opened online. Once during the term of the CD, the customer has the option of presenting a certificate to raise the rate to the then current chart rate for a CD of similar term and will receive that rate for the remainder of the term.
Please refer to the Personal Banking Pricing Schedule available at any Amegy Bank Center for additional account and fee information.