Certificates of Deposit & IRA's
Effective Date: Wednesday, April 8, 2020
| Term | Minimum* | Interest Rate^ | APY** |
|---|---|---|---|
| 6 Month | $1,000.00 | .25% | .25% |
| 12 Month | $1,000.00 | .35% | .35% |
| 18 Month | $1,000.00 | .45% | .45% |
| 24 Month | $1,000.00 | .55% | .55% |
| 36 Month | $1,000.00 | .65% | .65% |
| 48 Month | $1,000.00 | .75% | .75% |
| 60 Month | $1,000.00 | .85% | .85% |
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.