Certificates of Deposit & IRA's
Effective Date: Friday, December 14, 2018
| Term | Minimum* | Interest Rate^ | APY** |
|---|---|---|---|
| 6 Month | $1,000.00 | 1.00% | 1,00% |
| 12 Month | $1,000.00 | 1.50% | 1.51% |
| 18 Month | $1,000.00 | 2.00% | 2.02% |
| 24 Month | $1,000.00 | 2.25% | 2.27% |
| 36 Month | $1,000.00 | 2.50% | 2.52% |
| 48 Month | $1,000.00 | 3.00% | 3.03% |
| 60 Month | $1,000.00 | 3.00% | 3.03% |
The Annual Percentage Yield (APY) may change if not held to maturity. Fees could reduce earnings.
Effective January 1, 2015, the penalty structure for early withdrawal on CDs is as follows:
$100 fee and the loss of 12 months interest, earned or not; 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.
^Rate disclosed is for customers of West Gate Bank with Certificate of Deposit balances below $150,000. Add 0.25% to interest rate for balances at $150,000.00 or more.
ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. CALL 402-434-3456 FOR CURRENT INFORMATION.