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  Sunrise Banks CD

Sunrise Banks CD

in CD Accounts from Sunrise Banks · fdic

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Sunrise Banks CD

Unaffiliated

in CD Accounts from Sunrise Banks · Member FDIC

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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term 5 years
APY (Annual Percentage Yield) 1.26%

Sunrise Banks CD Review

Sunrise Banks CD is offered by Sunrise Banks, a bank founded in 1962 and based in Saint Paul, MN. Sunrise Banks CD is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. Sunrise Banks CD only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 1.26%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Limited selection of CD terms. Sunrise Banks CD only offers one CD terms. This limits your options when trying to set up a CD ladder.
Pros & Cons of Sunrise Banks CD
Pros Cons
  • FDIC insured.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • Poor selection of CD terms.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Sunrise Banks CD FAQ

Are cd accounts from Sunrise Banks federally insured?

Yes, your Sunrise Banks cd accounts 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 Sunrise Banks offer?

Sunrise Banks 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 Sunrise Banks offer on its CDs?

The CD rates for this account have an APY of1.26% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What terms does Sunrise Banks CD offer?

Sunrise Banks offers CD terms of the following lengths:
Sunrise Banks CD Rates & Terms
Description
5-Year APY 1.26%
APY (Annual Percentage Yield) 1.26%

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

Sunrise Banks CD requires a minimum deposit of $500 to open an account.

What is the grace period for Sunrise Banks CD?

Sunrise Banks 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 Sunrise Banks 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.

Sunrise Banks does not charge an early withdrawal fee.

Sunrise Banks does not seem to charge any of the fees we track.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Sunrise Banks CD

Sunrise Banks’ Certificates of Deposit Accounts help you save more with higher, predictable rates of return. Benefits: Invest for the long- or short-term with predictable rates. Earn a higher yield than typical savings account. Can help you save for a specific date or event.

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Other Services by Sunrise Banks

Availability

  Available in 1 state
Minnesota
Availabile in all of Minnesota

Feature Breakdown

Minimum Opening Deposit Starting at $500
5-Year APY 1.26%
APY (Annual Percentage Yield) 1.26%
CD Accounts Traditional
Certificate Term 5 years

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