Credit One Bank offers seven terms of jumbo CDs. The CD terms range from six months to five years. But you’ll need $100,000 to open a CD at this bank. The bank gives you a higher APY if its yield increases within 10 calendar days of opening your CD.
Credit One Bank CDs have the following early withdrawal penalties:
- Its six month and one year CD have a 90 days of simple interest penalty for early withdrawals.
- All CDs with terms 18 months through five years, would have an early withdrawal penalty of 180 days of simple interest.
- The bank currently isn’t offering CDs longer than five years. But if it was, the penalty for early withdrawals would be 365 days of simple interest.