Last Updated: 04/18/2025
Bank5 Connect High-Yield Certificates of Deposit
Unaffiliated
in CD Accounts from Bank5 Connect
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Minimum Opening Deposit
Certificate Term
- 6 months
- 12 months
- 15 months
- 18 months
- 2 years
- 3 years
Bank5 Connect High-Yield Certificates of Deposit Review
Key Takeaways
- Only one CD type available. Bank5 Connect High-Yield Certificates of Deposit only offers traditional CD accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5.05%, which is much higher than the national average for a CD account.
- $500.00 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. Bank5 Connect High-Yield 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 Bank5 Connect High-Yield Certificates of Deposit
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Bank5 Connect High-Yield Certificates of Deposit FAQ
Are CD from Bank5 Connect federally insured?
What types of CDs does Bank5 Connect offer?
Bank5 Connect High-Yield Certificates of Deposit 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 automatically renewing the CDs for another term.
What rates does Bank5 Connect offer on its CDs?
What terms does Bank5 Connect High-Yield Certificates of Deposit offer?
Bank5 Connect offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
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| 12-Month APY | 4.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.85% - 5.05% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 5.05% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 3.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 15-month APY | 4.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 18-Month APY | 3.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Bank5 Connect?
What is the grace period for Bank5 Connect High-Yield Certificates of Deposit?
What types of fees, such as early withdrawal penalties, does Bank5 Connect charge?
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