Limelight Bank offers CD terms of six months, one year, 18 months and three years. The terms give customers some flexibility to find a CD that matches their short-term saving needs.
All of Limelight’s 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 There is an early withdrawal penalty equal to 90 days of interest on the amount withdrawn from the six-month, one-year and 18-month CDs. The 18-month CD penalty equals 180 days of interest on the amount you withdraw.
The bank doesn’t offer any specialty CDs, such as bump-up or no-penalty CDs.
Limelight Bank offers competitive yields on its CDs, with higher rates for longer terms.
The $1,000 minimum to open is a reasonable amount compared with some other banks.