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St. Louis Post-Dispatch Deposit & Loan Guide Institution Synchrony Bank Int Chking Money Acct Mkt Acct Min Min NA 1.20 NA 0 3 mo CD Min 6 mo CD Min 0.75 1.00 12 mo CD Min 18 mo CD Min 2.50 2,000 2,000 2,000 24 mo CD Min 36 mo CD Min 60 mo CD Min 2.50 2.50 2.60 2.80 2,000 2,000 2,000 2,000 Great Rates + Safety = Peace of Mind. Member FDIC. Phone / Website 800-869-3813 www.synchronybank.com TO PARTICIPATE IN THIS FEATURE, CALL SALES DEPARTMENT @ 773-320-8492 Savings Update Are there fees to open or maintain a CD? By Sabrina Karl 5B :.9C %#=;$C" =>C %C)? ?=#A;C? #9CA =>C 64?= several years about the rising frequency of bank fees, and are considering stashing some of your savings in a certificate of deposit, you might wonder what fees you could encounter with a CD. most common is the early withdrawal penalty, which is triggered if you withdraw any of the 0-.? 3464%$C 3CB#AC '4=:A;=&+ <4$> 34%8.? C4A6& );=>"A4)46 !C%46=& ;? ?C6B, determined, and is typically calculated as a %:'3CA #B '#%=>?. ;%=CAC?= "C":$=C" BA#' =>C 7>C @##" %C)? ;? =>4= ;=.? 4 A4AC 0- =>4= );66 >;= 0-.? 3464%$C 3CB#AC =>C 34%8 AC=:A%? :A B:%"?+ 1:= =>C !C%46=;C? 94A& );"C6&/ ?# ;=.? you with any fees. ;'!#A=4%= =# $>C$8 4 34%8.? !#6;$& 3CB#AC #!C%With the basic model of a certificate of deposit ing a certificate with them. being that you agree both to invest a certain dollar amount with the bank or credit union Another fee that a small number of CDs charge for a predetermined number of years and not is for paper statements. Occasionally, a CD will withdraw the funds until the term expires, there carry a condition that only electronic statements are almost no transactions involved with a CD, are allowed — it might even be called an eCD. other than its inception and maturity. So requesting paper statements could land you in monthly fee territory. 2? 4 AC?:6=/ 34%8? @C%CA466& "#%.= $>4A@C 4%& fees for opening a CD, nor for maintaining it For the vast majority of CD savers, though, the through its term. C(!CA;C%$C );66 3C BCC,BACC* :.66 "C!#?;= :A funds, let them sit and earn interest for the term, That said, a couple specific instances could and withdraw the principal and earnings in full incur a fee or penalty in your CD account. The at the end. Rate Criteria: Rates effective as of 08/06/19 and may change without notice. RateSeeker, LLC. does not guarantee the accuracy of the information appearing above or the availability of rates in this table. Banks, Thrifts and credit unions pay to advertise in this guide. NA means rates are not available or not offered at the time rates were surveyed. All institutions are FDIC or NCUA insured. Yields represent annual percentage yield (APY) paid by participating institutions. Rates may change after the account is opened. Fees may reduce the earnings on the account. A penalty may be imposed for early withdrawal. To appear in this table, call 773-320-8492.