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  ableBanking CD
ableBanking CD
in CD Accounts from ableBanking · Member FDIC
Unaffiliated

ableBanking CD

Unaffiliated
in CD Accounts from ableBanking · Member FDIC
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Highlights
APY (Annual Percentage Yield) 0.40% - 0.70%
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years

ableBanking CD Review

ableBanking CD is offered by ableBanking, a bank founded in 0 and based in Lewiston, ME. ableBanking CD is available in 50 states (and Washington, DC).

Key Takeaways

  • Small selection of CD account types. Ablebanking CD only offers jumbo and traditional CDs.
  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.70%, which is much higher than the national average for a CD account.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. Ablebanking CD 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 ableBanking CD

Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.

ableBanking CD FAQ

Are CDs from ableBanking federally insured?

Yes, your ableBanking CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 ableBanking offer?

Ablebanking CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate if 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.
  • Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.

What CD rates does ableBanking offer on its CDs?

Ablebanking CD offers an APY starting at 0.40% and ranging up to 0.70%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Ablebanking CD offer?

ableBanking offers CD terms of the following lengths:
ableBanking CD Rates & Terms
Description
APY (Annual Percentage Yield) 0.40% - 0.70%
6-Month APY 0.40%
12-Month APY 0.55%
2-Year APY 0.60%
3-Year APY 0.65%
4-Year APY 0.70%

What is the minimum deposit to open a CD account with ableBanking?

Ablebanking CD requires a minimum deposit of $1,000 to open an account.

What is the grace period for Ablebanking CD?

Ablebanking CD does not specify what their grace period is. 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 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 Ablebanking CD 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.

ableBanking charges an early withdrawal fee.

ableBanking does charge any of the fees we track.

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About ableBanking CD

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
APY (Annual Percentage Yield) 0.40% - 0.70%
6-Month APY 0.40%
12-Month APY 0.55%
2-Year APY 0.60%
3-Year APY 0.65%
4-Year APY 0.70%
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
CD Accounts
  • Traditional
  • Jumbo

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