Certificates of Deposit & IRA's
Effective Date: Monday, May 10, 2021
| Term | Minimum* | Interest Rate^ | APY** |
|---|---|---|---|
| 6 Month | $1,000.00 | .10% | .10% |
| 12 Month | $1,000.00 | .15% | .15% |
| 18 Month | $1,000.00 | .20% | .20% |
| 24 Month | $1,000.00 | .25% | .25% |
| 36 Month | $1,000.00 | .30% | .30% |
| 48 Month | $1,000.00 | .35% | .35% |
| 60 Month | $1,000.00 | .40% | .40% |
The Annual Percentage Yield (APY) may change if not held to maturity. Fees could reduce earnings.
^Rate disclosed is for customers of West Gate Bank with Certificate of Deposit balances below $250,000. Add 0.10% to interest rate for balances at or over $250,000.00.
The penalty structure for early withdrawal on CDs is as follows:
$100 fee and the loss of 12 months interest, earned or not and regardless of the term.
*Minimum = Minimum balance required to open an account. Annual Percentage Yield (APY) obtained on all balances.
**The Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. A withdrawal of interest will reduce the earnings and APY.
ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. CALL 402-434-3456 FOR CURRENT INFORMATION.