National Exchange Bank and Trust CD

National Exchange Bank and Trust CD Review

National Exchange Bank and Trust CD are offered by National Exchange Bank & Trust, a bank founded in 1933 and based in Fond du Lac, WI. National Exchange Bank and Trust CD are available in 1 state across the USA.

Key Takeaways

• Small selection of CD account types. National Exchange Bank and Trust CD only offers IRA and traditional CDs.
• Higher than average APY. National Exchange Bank and Trust CD has an annual percentage yield of up to 0.75%, which is higher than the national average for 3-month CDs.
• $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
• Wide selection of CD terms. National Exchange Bank and Trust 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 National Exchange Bank and Trust CD

National Exchange Bank and Trust CD FAQ

Are CD from National Exchange Bank & Trust federally insured?

Yes, your National Exchange Bank & Trust CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #10044). 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 National Exchange Bank & Trust offer?

• 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.
• 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 National Exchange Bank and Trust CD offers a CD that is specifically for retirement.

What rates does National Exchange Bank & Trust offer on its CDs?

National Exchange Bank and Trust CD offers an APY starting at 0.05% and ranging up to 0.75%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

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

National Exchange Bank and Trust CD require a minimum deposit of $1,000 to open an account.

What is the grace period for National Exchange Bank and Trust CD?

There is a 10-day grace period for National Exchange Bank and Trust CD. 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 National Exchange Bank & Trust 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 term ends.

National Exchange Bank & Trust does not charge an early withdrawal fee.