Certificates of Deposit content
Certificates of Deposit
Associated Bank's Certificates of Deposits (CD) offer flexible terms including both short- and long-term investment options and competitive interest rates. Choose the CD that best suits your commercial banking needs.
Did you know ?
|To maximize return, ladder multiple CDs, staggering maturities to make cash available as your business needs it.|
|1-60 month terms available|
|Accrued interest can be transferred to another Associated Bank account|
Associated Bank does not pay interest during the grace period following maturity. The minimum balance required to maintain a Certificate of Deposit (CD) is $1,000. The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Interest is compounded and credited at maturity for certificate terms three months or less and quarterly for certificate terms longer than three months. Interest begins to accrue on the business day you make a deposit. The daily balance method is used to calculate interest, which applies a daily periodic rate to the principal in the account each day. An early withdrawal penalty will be imposed if you withdraw any part of the funds prior to the stated maturity date on your CD, except during the 10 calendar day grace period, or on request after the death of a depositor, or where a depositor has been judicially declared incompetent.
All other withdrawals will incur a penalty of 90 days simple interest for CD terms less than 12 months, or 181 days simple interest for CD terms greater than or equal to 12 months but less than 24 months, or 270 days simple interest for CD terms greater than or equal to 24 months but less than 36 months, or 365 days simple interest for CD terms greater than or equal to 36 months. An early withdrawal penalty could reduce the principal value of your CD. The interest rate used to calculate an early withdrawal penalty will be the interest rate in effect at the time of withdrawal. This CD is automatically renewable. Interest is calculated on a 365/366 day basis.
For additional account details, please refer to the Deposit Account Agreement, the current Associated Bank rate sheet, the Business Deposit Account. Fee Schedule and the applicable product information brochure.