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How does your bank stack up?

  • Financial Rates: 4.0 Star Icon
  • Customer Service: 2.0 Star Icon
  • Variety of Terms: 5.0 Star Icon
  • Opening Required Amount: 4.0 Star Icon


  • Most accounts offer competitive rates
  • Good variety of CD terms offered
  • Can apply through mail or online
  • Opening required amount is low


  • Short-term CDs have low rates
  • Limited ways to fund CDs
  • Customer service has limited hours
  • Transfer interest to internal accounts

What You Need to Know

Most CDs offer competitive interest rates. The rates for some CDs are competitive with other online accounts. All of the CD rates are higher than typical bank rates. The CD terms that are 12-months and longer offer the most competitive interest rates.

There are a good variety of CD terms available. The terms range from 91-days to 60-month CDs. There are seven different terms offered through You can apply for any of these CD terms online.

There are two options on how to open a CD with You can apply for the CD online or fill out an application and send the application back through the mail. If you open the CD online there is a maximum opening amount of $50,000.

The opening required amount for CDs are low. Each of the CD terms requires $2,500 to open. You must keep a balance of at least $2,500 in the CDs to earn interest. Any amount over the required balance earns a competitive interest rate. The interest rates are not tiered.

The short-term CDs do not offer as competitive interest rates as the longer-term CDs. The 91-day, six-month, and nine-month CDs do not offer as competitive rates. These rates are still competitive. The rates are just not as competitive as the other terms. limits the ways you can initially deposit money into CD accounts. Those ways include mailing in a check or a wire transfer. You can also transfer money from another account. The website does not say you can make the initial transfer from an external bank into a CD. is an online bank. You can contact customer service through email, mail, phone, or fax. Customer service does have limited hours they are open. They are available Monday through Friday from 9 a.m. to 6 p.m. EST.

Customers can transfer the interest earned on CDs to other accounts. But, the money can only be transferred to other accounts. Those accounts include checking or money market accounts.

Cool Things

Financial Calculators

The website offers financial calculators. They have specific calculators tailored to home purchases, investments, and retirement. You can also see how much to save for college, what car you can afford, and different lease options.

History started in 1999 as an online division of Centennial Bank. There are no physical locations for Because of this, the interest rates on their accounts are competitive. offers an interest earning checking account, money market account, and CDs. People across the United States can apply for an account with

Frequently Asked Questions

Is FDIC insured?

Yes. is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.

How many different terms does offer? offers seven CD terms. The terms range from 91-days to 60-months.

What is the required amount to open a CD with

All the CD terms require $2,500 to open.

How do I deposit money into CDs?

Deposit money into CDs through checks or wire transfers. Customers can transfer money electronically from other accounts.

How do I access my money?

Transfer money into another account. You can request a cashiers check mailed to you or a wire transfer. The wire transfer does have a fee.

Do I have to open other accounts before I can open a CD?

No. You can open a CD online without having to open any other accounts. To transfer money to or from the CD you must have another account.

Do CDs offer competitive interest rates?

The interest rates are competitive, but slightly lower than other online accounts. The short-term CDs offer interest rates lower than other online CDs. The short-term CD rates are still higher than typical bank accounts.

Can I choose how to receive my interest payments from CDs?

Yes. You can choose to add the interest to the CD. You can also have interest transferred into another account. Those accounts include a checking or money market account.

What percentage am I charged if I withdraw money before the maturity date?

If the CD term is 30-days to 12-months, the fee is six-months of interest. For terms longer than 12-months, the fee is nine-months of interest.

How do I make changes during the grace period?

Contact customer services to make changes. If you wish to redeem your CD, sign the certificate and mail it back to customer service.

How will I know my CD is nearing maturity? gives you a certificate when you open the CD with all the information. The maturity date is listed on that paper.

How long is the grace period between renewal?

The grace period is ten days after the CD reaches maturity.

Are CD rates guaranteed for the entire term?

Yes. The rates are determined on the day you open and fund your account. The rate on that day are the rates for the term life of the CD.

Does offer mobile banking?

There is no specific app listed on the website.

Is a good bank?

They offer a good variety of CD terms. The opening required amount is relatively low. The interest rates for CDs are not tiered. They are competitive rates, but lower than other online accounts. The rates are more competitive that typical bank rates.

Is secure online? encrypts personal information. They offer security measures that comply with federal laws. Their computers have safeguards. Their files and buildings are secure.

What is the shortest CD term offered?

The shortest term available through is a 91-day term.

What is the longest CD term offered?

The longest term available through is a 60-month term.

Does offer accounts other than CDs?

Yes. They also offer a checking and money market account.

Can I use CDs for my business accounts?

Specific business accounts are not listed on the website.

How do I reach customer service?

Reach customer service through mail, email, phone, or fax. Customer service is only open Monday through Friday.

Bank Contact Information
P.O. Box 100970
Ft. Lauderdale, FL 33310-7899
(877) 446-4200

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