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  1st Capital Bank Personal Certificates of Deposit

1st Capital Bank Personal Certificates of Deposit

in CD Accounts from 1st Capital Bank · fdic

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1st Capital Bank Personal Certificates of Deposit

Unaffiliated

in CD Accounts from 1st Capital Bank · Member FDIC

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Highlights
Minimum Opening Deposit Starting at $2,500
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 1 month
APY (Annual Percentage Yield) N/A

1st Capital Bank Personal Certificates of Deposit Review

1st Capital Bank Personal Certificates of Deposit is offered by 1st Capital Bank, a bank founded in 2007 and based in Salinas, CA. 1st Capital Bank Personal Certificates of Deposit is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. 1st Capital Bank Personal Certificates of Deposit only offers traditional CD accounts.
  • High minimum deposit. You must deposit a minimum of $2,500, which is high compared to most CD accounts.
  • Wide selection of CD terms. 1st Capital Bank Personal Certificates of Deposit allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of 1st Capital Bank Personal Certificates of Deposit
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
1st Capital Bank Personal Certificates of Deposit FAQ

Are cd accounts from 1st Capital Bank federally insured?

Yes, your 1st Capital Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #58485). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does 1st Capital Bank offer?

1st Capital Bank Personal Certificates of Deposit provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does 1st Capital Bank offer on its CDs?

What terms does 1st Capital Bank Personal Certificates of Deposit offer?

1st Capital Bank offers CD terms of the following lengths:
1st Capital Bank Personal Certificates of Deposit Rates & Terms
Description

What is the minimum deposit to open a CD account with 1st Capital Bank?

1st Capital Bank Personal Certificates of Deposit requires a minimum deposit of $2,500 to open an account.

What is the grace period for 1st Capital Bank Personal Certificates of Deposit?

There is a 10-day grace period for 1st Capital Bank Personal Certificates of Deposit. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does 1st Capital Bank Personal Certificates of Deposit charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

1st Capital Bank does not charge an early withdrawal fee.

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Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Opening Deposit Starting at $2,500
CD Accounts Traditional
Grace Period for Account Changes 10 days
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 1 month

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