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  Metro City Bank Certificates of Deposit

Metro City Bank Certificates of Deposit

in CD Accounts from Metro City Bank

Unaffiliated

Metro City Bank Certificates of Deposit

Unaffiliated

in CD Accounts from Metro City Bank

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Highlights
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 11 months
  • 18 months
  • 1 month
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 28 months
  • 42 months
  • 30 months
  • 19 months
  • 39 months
  • 58 months
  • 37 months
  • 59 months
  • 25 months
  • 31 months
  • 43 months
  • 49 months
  • 55 months
  • 27 months
APY (Annual Percentage Yield) N/A

Metro City Bank Certificates of Deposit Review

Metro City Bank Certificates of Deposit is offered by Metro City Bank, a bank founded in 2014 and based in Doraville, GA. Metro City Bank Certificates of Deposit is available in 7 states across the USA.

Key Takeaways
  • Only one CD account type available. Metro City Bank CD only offers traditional CD accounts.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. Metro City Bank 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 Metro City Bank Certificates of Deposit
Pros Cons
  • Multiple CD terms available.
  • No charge on incoming domestic or international wire transfers.
  • Not FDIC-insured.
  • Only available in 7 states.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Metro City Bank Certificates of Deposit FAQ

Are cd accounts from Metro City Bank federally insured?

No, your Metro City Bank cd accounts are not insured by a federal insurance agency. This means that if Metro City Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What types of CDs does Metro City Bank offer?

Metro City Bank CD 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 Metro City Bank offer on its CDs?

What terms does Metro City Bank CD offer?

Metro City Bank offers CD terms of the following lengths:
Metro City Bank Certificates of Deposit Rates & Terms
Description

What is the minimum deposit to open a CD account with Metro City Bank?

Metro City Bank CD requires a minimum deposit of $1,000 to open an account.

What is the grace period for Metro City Bank CD?

Metro City Bank 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 Metro City Bank 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.

Metro City Bank does not charge an early withdrawal fee.

Metro City Bank does not seem to charge any of the fees we track.

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Message From Metro City Bank Certificates of Deposit

At Metro City Bank, we are serious about giving our customers superior service in every way possible. You are not a number to us, you are special and we want to treat you that way with the personal touch you expect and deserve.

Metro City Bank offers an array of renewable or single-maturity Certificates of Deposit at competitive rates, with terms ranging from 30 days to five years. Minimum opening balance requirement is $1,000. Interest will be credited to your account monthly. Alternatively, you may choose to have interest paid to you or automatic transfer of interest to your checking, saving or money market account.

Availability

  Available in 7 states
  • Alabama
  • Florida
  • Georgia
  • New Jersey
  • New York
  • Texas
  • Virginia

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
CD Accounts Traditional
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 11 months
  • 18 months
  • 1 month
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 28 months
  • 42 months
  • 30 months
  • 19 months
  • 39 months
  • 58 months
  • 37 months
  • 59 months
  • 25 months
  • 31 months
  • 43 months
  • 49 months
  • 55 months
  • 27 months

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