Limelight Bank offers its customers four CD terms. It offers a six-month CD, one-year CD, 18-month CD and a three-year CD. Those terms should help a lot of customers. Those looking for a longer-term CD will need to look elsewhere.
All of the CDs require at least $1,000 to open.
There is an early withdrawal penalty equal to 90 days of interest on the amount withdrawn from a six-month CD, one-year CD and an 18-month CD. The 18-month CD penalty equals 180 days interest on the amount you withdraw.
Limelight Bank offers competitive yields on its CDs.
The $1,000 minimum to open a Limelight Bank CD is a reasonable amount compared with some other banks.