Excel National Bank Money Market & CDs
Posted by CD Interest Rates on 07/19/11 in CD Interest Rates
Beverly Hills, Calif.-based Excel National Bank has a Premium Money Market that earns 1.05 percent annual percentage yield (APY) on balances of $100,000 and up. The money market account is good for customers who want higher interest rates on higher balances and can limit their transactions. Details of the money market offer include:
- Minimum opening deposit of $1,000
- $20 monthly service fee
- Monthly service fee waived for minimum daily balance of $10,000
- Up to six debits per month, including checks
- Free online banking and bill pay
- Interest compounds daily and is posted at the end of each month
Excel National Bank also has a 2-year certificate of deposit that earns 1.01 percent APY. The CD rate is currently good for balances. The bank offers other CD rates and terms that include:
- 3 months earns 0.3 percent APY
- 6 months earns 0.5 percent APY
- 1 year earns 0.8 percent APY
The minimum opening deposit for certificates of deposit is $10,000 and there are no monthly service fees. Interest on CDs compounds daily and is credited upon maturity unless you choose to to receive interest payments. Withdrawing funds early from a certificate of deposit may result in a penalty.
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