PurePoint Financial offers competitive interest rates on each CD term. Their interest rates are competitive with other online CD accounts. PurePoint rates are some of the leaders in the market of online CD accounts. The interest rates are not tiered. Any amount over $10,000 earns the most competitive interest rate offered.

There are four ways to fund your PurePoint CD accounts. Fund your account through an online electronic transfer from a linked account. You can also fund your account through a mobile deposit, a wire transfer, or by mailing in a check. You can only make a deposit into PurePoint CDs when you open the account.

There are a variety of CD terms available through PurePoint Financial. The terms range from six-months to five-years. There is a total of nine CD terms offered. Each of the terms requires $10,000 to open.

PurePoint Financial offers its Best Rate Commitment. Once you fund your PurePoint CD, they watch the rates for ten days. During that time, whatever is the highest rate offered will be the rate you receive for the duration of the CD term. If you renew your CD for the same term, you are again given the ten-day period to lock in the highest rate.

To open PurePoint CDs requires a high amount. Each term requires $10,000 to open. Once you open the account, you earn the most competitive interest rates for any balance over $10,000. PurePoint CDs do not have tiered interest rates.

There is a fee if you withdraw money from your PurePoint CD before it reaches maturity. The fee for any CD term length is 181 days of interest on the withdrawn amount. That fee applies to every PurePoint CD.

The opening required amount to open PurePoint CDs is $10,000. That amount must come from a one-time deposit of at least that amount. The deposit can only come from a single account. If PurePoint does not receive that funding within 45 days, they will close the account. Once you open and fund a CD, you cannot deposit into the CD during the life of the CD term.

To open an account with PurePoint Financial requires signing up for online banking. It does not matter if you open an account over the phone, online, or in person. If the primary account holder does not enroll in online banking within 90 days, PurePoint will close the account. If you open an account over the phone, you only have 30 days to enroll in online banking. A valid email address is also required.

Read the full PurePoint Financial review.

Luana Savings Bank offers a good variety of CD terms. The terms range from three-months to five-years. They offer a variety of CD types as well. Along with regular CDs, they offer CDs with rate increases. They also offer a CD specifically for children under 18.

The interest rates for Luana Savings Bank CDs are competitive. Their rates are slightly lower than other online CDs, but still competitive. Luana CD interest rates are higher than typical bank interest rates. Even the shorter-term CDs offer competitive interest rates.

Luana Savings Bank offers a Step Up and Add CD. This CD is available in a 26-month term. The opening required amount is $5,000. Any amount above $5,000 earns the most competitive rate. This is also true for the special nine-month CD. Amounts above $5,000 earns the competitive rate.

Most of the Luana Savings Bank CDs have low opening required amounts. A good portion of the CD terms only require $1,000 to open. The CD for children only requires $500. You must keep the opening required balance in the account to earn interest.

The CDs offered through Luana Savings Bank have tiered interest rates. To earn the most competitive rate, you must have a high account balance. Most of the CD terms require a balance of $100,000 to earn the most competitive interest rate. Lower balances still earn good rates, just not the most competitive.

Luana Savings Bank CDs do not offer an interest rate guarantee. The interest rate on the day you open the account is the rate your CD earns for the life of the term. If interest rates increase shortly after you open your account, your rate will not increase.

The required amounts to open Luana CDs vary depending on the CD term. The regular CD accounts typically require $1,000 to open. A few special CDs require $5,000 to open. The CD for kids requires $500 to open. These amounts are required to open the CD. To earn the best rate requires a much higher balance.

You can apply for Luana Savings Bank CDs online, but the process takes some time. To apply for a CD, you fill out the necessary information. The paperwork is then submitted to a Luana employee. They will contact you within one business day to discuss your application.

Read the full Luana Savings Bank review.