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Suburban Journals Financial Guide Deposit & Loan Institution Synchrony Bank Int Chking Acct Min Money Mkt Acct Min 3 mo CD Min 6 mo CD Min 12 mo CD Min 18 mo CD Min 24 mo CD Min 36 mo CD Min 60 mo CD Min NA 1.20 0.75 1.00 2.50 2.50 2.50 2.60 2.80 NA 0 2,000 2,000 2,000 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 4A -8B %#<:$B" <=B %B(> ><#@:B> #8B@ <=B 53>< >B8B@35 &B3@> 32#9< !B%35<&. (=:$= :> <@:??B@B" :A (:<="@3( 3%& #A <=B /,-> 2353%$B the rising frequency of bank fees, and are considering stashing before maturity. some of your savings in a certificate of deposit, you might wonder what fees you could encounter with a CD. ;3$= 23%7-> B3@5& (:<="@3(35 !B%35<& :> >B5A+"B <&!:$355& $35$953 3 %9'2B@ #A '#%<=>- :%< "B"9$ :> <=3< :<-> 3 @3@B /, <=3< (:55 =:< (:<= 3%& ABB>* <=B /,-> 2353%$B 2BA#@B <=B 23%7 @B<9@%> @ A9%">* 09< <=B !B%35<:B> 83@& (:"B5&. ># :<-> :'!#@<3%< <# $=B$7 3 23%7-> !#5:$& 2BA#@B With the basic model of a certificate of deposit being that you opening a certificate with them. agree both to invest a certain dollar amount with the bank or credit union for a predetermined number of years and not withdraw the Another fee that a small number of CDs charge is for paper funds until the term expires, there are almost no transactions statements. Occasionally, a CD will carry a condition that only electronic statements are allowed — it might even be called an involved with a CD, other than its inception and maturity. eCD. So requesting paper statements could land you in monthly 1> 3 @B>95<. 23%7> ?B%B@355& "#%-< $=3@?B 3%& ABB> A#@ #!B%:%? 3 fee territory. CD, nor for maintaining it through its term. For the vast majority of CD savers, though, the experience will be That said, a couple specific instances could incur a fee or penalty ABB+A@BB) -55 "B!#>:< @ A9%">. 5B< <=B' >:< 3%" B3@% :%< A#@ in your CD account. The most common is the early withdrawal the term, and withdraw the principal and earnings in full 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.