VirtualBank eCD Review

VirtualBank eCD is offered by Virtual Bank, a bank founded in 2009 and based in Trenton, NJ. VirtualBank eCD is available in 50 states (and Washington, DC).

Are cd accounts from Virtual Bank federally insured?

Yes, your Virtual Bank 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 Virtual Bank offer?

• Traditional

What APY does Virtual Bank offer on its CDs?

VirtualBank eCD offers an APY starting at 0.10% and ranging up to 0.60% (APY stands for annual percentage yield, rates may change).

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

VirtualBank eCD requires a minimum initial deposit of $10,000 to open an account.

What types of early withdrawal penalties does VirtualBank eCD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

Virtual Bank does not charge an early withdrawal fee.

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