Investment Option for Community Banks
In response to requests from numerous community banks in our market area, Bankers’ Bank of the West now offers a Certificate of Deposit for its respondent bank customers. Information on the product is posted on the Bankers Internet Data System (BIDS). Basic parameters follow:
- 6-month, 9-month, 12-month, 18-month, 24-month, 36-month, 48-month, and 60-month terms
- Interest paid quarterly via ACH to any account designated by the customer institution
- Minimum to open: $50,000
- Withdrawal prior to maturity not permitted
- BBW can arrange for safekeeping of the instrument upon request
Fixed-rate Certificate of Deposit
Rates are current as of August 15, 2022
|
Terms |
Interest Rate |
Annual Percentage Yield |
|---|---|---|
| 6 months | 2.81% | 2.81% |
| 9 months | 2.89% | 2.89% |
| 12 months | 3.17% | 3.17% |
| 18 months | 3.16% | 3.16% |
| 24 months | 3.21% | 3.21% |
| 36 months | 3.23% | 3.23% |
| 48 months | 3.11% | 3.11% |
| 60 months | 3.17% | 3.17% |
These rates are effective as of the date listed above and subject to change at any time.
To open a CD or obtain more information including current rates, call 1-800-873-4722 or email ops@bbwest.com. BBW reserves the right to discontinue or temporarily suspend this product without notice.
