Details for RATESEEKER LLC - Ad from 2019-08-11

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$> 34%8.? C4A6& );=>"A4)46 !C%46=& ;? ?C6B,
determined, and is typically calculated as a
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7>C @##" %C)? ;? =>4= ;=.? 4 A4AC 0- =>4= );66 >;= 0-.? 3464%$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.

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