Upon your completion of the online application, and our review and approval, the funds will be drafted by ACH transfer. This typically happens the next day after your completed application. Therefore, please make sure the funds are available at the other institution prior to completing your application.
You will be automatically enrolled for online banking once your CD account has been opened. You will receive new online banking credentials via secure email.
To close the account, please print the Online CD Account Closing Form complete it, and send it through secure messaging in online banking, found under the “Customer Service” heading. You may also mail it to our office at 150 Elden Street Suite 170, Herndon, VA 20170
The penalty for early withdrawal is 6 months’ interest at the current interest rate.
The penalty for early withdrawal is 7 months’ interest at the current interest rate.
The penalty for early withdrawal is 12 months’ interest at the current interest rate.
The penalty for early withdrawal is 24 months’ interest at the current interest rate.
The promotional rates are not available for IRAs. Additionally, IRA CDs cannot be opened online.
Using our online portal, you may only open accounts in the following title formats: sole owner, joint owners, Payable On Death beneficiary(ies). For trust account openings, you must visit a branch.
All CDs are insured up to the applicable FDIC limits. A penalty may be imposed for early withdrawal. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal may reduce earnings. Fees may reduce earnings. Limited time offer. Rates are subject to change at any time.