Bank5 Connect CD Rates: 5.50% APY 6-Month CD Account, 5.25% 15-Month CD (Entire USA)

Bank5 Direct CD rates on short-term certificate of deposit are some of the highest CD rates available right now. Current 6-month CD rates at Bank5 Connect are at 5.37% with an 5.50% APY. That 6-month rate puts Bank5 Direct in the top 20 of 6-month CD rates available in our rate tables. 15-Month CD rates are also a good deal right now at 5.22%, with an APY of 5.25%. You can compare all of Bank5 Connect CD Rates and CD terms below.

Bank5 Connect CD Rates

  • 6 Month CD: 5.37% (APY 5.50%)

  • 12 Month CD: 4.17% (APY 4.25%)

  • 15 Month CD: 5.22% (APY 5.35%)

  • 18 Month CD: 3.15% (APY 3.20%)

  • 21 Month CD: 3.15% (APY 3.20%)

  • 24 Month Investment CD: 3.25% (APY 3.30%)

  • 36 Month CD: 0.85% (APY 0.85%)

  • Common Bank5 Direct CD Disclosures

    Account Details

  • Minimum balance to open: $500.00

  • Minimum balance for APY: $500.00

  • Compounding frequency: Monthly

  • Crediting frequency: Monthly

  • Automatically renewable account: Yes, with 10-day grace period

  • Daily balance computation: Daily balance method

  • Accrual on non-cash deposits: Starts on the business day of deposit

    • Withdrawals and Penalties

  • Early withdrawal penalties: Six months interest on the amount withdrawn

  • Withdrawal of interest: Allowed, but affects APY

  • Grace Period: 10 days after maturity to withdraw without penalty

  • Withdrawal limitations: Principal withdrawal allowed only with bank agreement

    • Special Notes

    Exceptions to early withdrawal penalties may apply under certain circumstances, such as death or incompetence of the account owner, or if the CD is part of a tax-deferred savings plan like an IRA.

    For further information or more current rates, you can contact Bank5 at 855-552-2655. You can also compare CD rates at Bank5 Connect with other CD rates at banks by using our free rate comparison tool.

     
    Author: Brian McKay
    October 10th, 2023

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