Certificate of Deposits
Less time banking means more time to focus on your personal goals.
Personal Certificates of Deposit
CD’s offer the highest guaranteed rate of any of our savings plans. Contact your relationship banker for current rates and terms and lock in your rates today.
- CDs are term deposit accounts and offer the highest guaranteed annual percentage yield (APY) of any of our savings plans.
- They can be tailored to any investment period from 7 days to 10 years.
- Interest paid monthly, quarterly, annually, or at maturity.
- Interest can be withdrawn after it is credited to the account.
- Set-up automatic transfer of interest to checking, savings, and money market accounts or in person.
- Withdrawal of interest prior to maturity will affect the APY.
- Substantial early withdrawal penalty will be imposed on the amount withdrawn. (Refer to Truth in Savings Disclosure).
- Line of Credit available on CDs with maturities of twelve months or longer.
| Minimum Balance to Open | Monthly Maintenance Charge | Per Item Charge | Daily Balance Requirement to Waive Monthly Maintenance Charge |
|---|---|---|---|
| $2,500 | None | None | Not Applicable |
Checking, Savings and Certificates of Deposits at Metropolitan Bank are insured by the Federal Deposit Insurance Corporation, an agency of the United States Government. Each depositor is insured up to $250,000. Coverage of a higher amount is possible by opening accounts using more than one type of ownership or by opening an account under the Bank’s special CDARS program.
Information is effective January 1, 2020 and is subject to change from time to time without notice.