You will not pay penalty fees if you withdraw interest, but doing so will affect your overall earnings. Earnings are automatically deposited back into your FNBA CD, but you can also ask to receive interest disbursements by check or direct deposit. Interest is compounded and credited quarterly.
Accounts must be funded via ACH transfer. While this is a common minimum deposit requirement, you can find CDs with lower minimums. CD terms range from six months to seven years, with the best rates on CDs of 12 months or longer.Įach CD requires a $1,000 minimum deposit. First National Bank of America or FNBA offers high-yield standard CDs.
