New Dominion Bank Variable Rate CDs
July 06, 2007
New Dominion Bank (FDIC# 57888) in Charlotte, North Carolina is offering variable rate CDs to individual investors via their website. The rate on each CD is tied to the current prime rate as printed in the Wall Street Journal.Current terms and APYs (annual percentage yields) for the variable rate CDs are:
1-year 5.50% APY, $5,000 minimum opening balance
1.5-year 5.55% APY, $5,000 minimum opening balance
2-year 5.60% APY, $5,000 miniumum opening balance
2.5-year 5.60% APY, $5,000 minimum opening balance
Terms and restrictions
* Rate tied to Wall Street Journal prime rate.
* Terms from 1 Year to 30 Months.
* Interest compounded daily paid monthly.
* Automatic renewal at maturity.
* Electronic Statement.
* Penalties for early withdrawal
* Deposits FDIC guaranteed up to $100,000
