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 February 1, 2021
|
Terms |
Interest Rate |
Annual Percentage Yield |
|---|---|---|
| 6 months | 0.05% | 0.05% |
| 9 months | 0.06% | 0.06% |
| 12 months | 0.10% | 0.10% |
| 18 months | 0.10% | 0.10% |
| 24 months | 0.13% | 0.13% |
| 36 months | 0.18% | 0.18% |
| 48 months | 0.22% | 0.22% |
| 60 months | 0.33% | 0.33% |
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.
