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  Exchange Bank and Trust Certificates of Deposit

Exchange Bank and Trust Certificates of Deposit

in CD Accounts from Exchange Bank and Trust · fdic

Unaffiliated

Exchange Bank and Trust Certificates of Deposit

Unaffiliated

in CD Accounts from Exchange Bank and Trust · Member FDIC

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Highlights
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months
  • 15 months
  • 30 months
  • 37 months
  • 27 months
APY (Annual Percentage Yield) 0.15% - 1.00%

Exchange Bank and Trust Certificates of Deposit Review

Exchange Bank and Trust Certificates of Deposit is offered by Exchange Bank and Trust, a bank founded in 1856 and based in Atchison, KS. Exchange Bank and Trust Certificates of Deposit is available in 1 state across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 1.00%, 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. Exchange Bank and Trust 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 Exchange Bank and Trust Certificates of Deposit
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • There isn't a no-penalty CD option.
Exchange Bank and Trust Certificates of Deposit FAQ

Are cd accounts from Exchange Bank and Trust federally insured?

Yes, your Exchange Bank and Trust cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #4619). 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 Exchange Bank and Trust offer?

Exchange Bank and Trust 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.
  • Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Exchange Bank and Trust Certificates of Deposit offers a CD that is specifically for retirement.

What CD rates does Exchange Bank and Trust offer on its CDs?

Exchange Bank and Trust Certificates of Deposit offers an APY starting at 0.15% and ranging up to 1.00%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Exchange Bank and Trust Certificates of Deposit offer?

Exchange Bank and Trust offers CD terms of the following lengths:
Exchange Bank and Trust Certificates of Deposit Rates & Terms
Description
2-Year APY 0.45%
3-Year APY 0.60%
4-Year APY 0.75%
5-Year APY 1.00%
6-Month APY 0.15%
12-Month APY 0.25%
APY (Annual Percentage Yield) 0.15% - 1.00%

What is the minimum deposit to open a CD account with Exchange Bank and Trust?

Exchange Bank and Trust Certificates of Deposit requires a minimum deposit of $1,000 to open an account.

What is the grace period for Exchange Bank and Trust Certificates of Deposit?

Exchange Bank and Trust Certificates of Deposit 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 Exchange Bank and Trust 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.

Exchange Bank and Trustcharges an early withdrawal fee of $10.

Exchange Bank and Trust Certificates of Deposit Fees
Description
Annual Fee $0
Early Withdrawal Fee Amount $10
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Availability

  Available in 1 state
Kansas
Availabile in all of Kansas

Feature Breakdown

Annual Fee $0
Minimum Opening Deposit Starting at $1,000
2-Year APY 0.45%
3-Year APY 0.60%
4-Year APY 0.75%
5-Year APY 1.00%
6-Month APY 0.15%
12-Month APY 0.25%
APY (Annual Percentage Yield) 0.15% - 1.00%
CD Accounts
  • Traditional
  • Jumbo
  • IRA
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months
  • 15 months
  • 30 months
  • 37 months
  • 27 months

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