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Choice Bank offers certificates of deposit to institutional depositors at the following rates and terms:

Institutional Deposit Rates
Term
Minimum to Open
Maximum to Open
Interest Rate
APY
24 Months
$99,000.00
$250,000.00
0.65%
0.65%
36 Months
$99,000.00
$250,000.00
1.05%
1.05%
48 Months
$99,000.00
$250,000.00
1.40%
1.41%
60 Months
$99,000.00
$250,000.00
1.70%
1.71%
72 Months
$99,000.00
$250,000.00
1.95%
1.96%
84 Months
$99,000.00
$250,000.00
2.30%
2.32%

CD Request Form - Click Here

Contact Information:

John Glynn
Sr. Vice President & Chief Financial Officer
(john.glynn@choicebank.com)
920-267-8016

Disclosures, Terms and Restrictions

Institutional deposits are only offered and available to a financial institution, such as a bank or credit union, and government entities. Institutional deposits are not available or offered to deposit brokers. Individuals and other business entities should contact Choice Bank for available rates.

The minimum balance to open an account is $99,000. The maximum balance for any one term is $250,000.

Institutional deposits are subject to acceptance by Choice Bank's Chief Financial Officer. There is no guarantee of acceptance.

Interest is credited and paid quarterly by check. Interest cannot remain on deposit. The quarterly payment of interest by check is mandatory.

There is a penalty for early withdrawal. The penalty for early withdrawal is calculated on the term of the certificate of deposit as follows:

Early Withdrawal Penalty Schedule
Deposit Term
Months of Interest Lost
12 Months Loss of 3 Months Interest
24 Months Loss of 12 Months Interest
36 Months Loss of 24 Months Interest
48 Months and Greater Loss of 36 Months Interest

 

 

 

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