Savings Rates and Fees
Promotional Online Jumbo CDs1,2
CDs with a minimum opening balance of $250,000
| Term | Interest Rate1 | APY1,3 |
|---|---|---|
| 3 month Promotional Online Jumbo CD |
4.65% | 4.75% |
| 6 month Promotional Online Jumbo CD | 5.13% | 5.20% |
| 12 month Promotional Online Jumbo CD | 5.29% | 5.40% |
CDs with opening balances of $25,000 to $249,999.99
| Term | Interest Rate1 | APY1,3 |
|---|---|---|
| 3 month Promotional Online CD | 4.65% | 4.75% |
| 6 month Promotional Online CD | 5.13% | 5.20% |
| 12 month Promotional Online CD | 5.29% | 5.40% |
NexBank Standard CDs1,4
CDs with opening balances of $10,000
| Term | Interest Rate1 | APY1,3 |
|---|---|---|
| 3 month | 4.70% | 4.80% |
| 6 month | 5.18% | 5.25% |
| 12 month | 5.25% | 5.35% |
| 18 month | 4.67% | 4.75% |
| 24 month | 4.72% | 4.80% |
| 36 month | 4.47% | 4.55% |
| 48 month | 4.38% | 4.45% |
| 60 month | 4.18% | 4.25% |
| Daily Balance | Interest Rate5 | APY3,5 |
|---|---|---|
| $100,000.00+ | 3.20% | 3.25% |
| $1,000.00 - $99,999.99 | 2.23% | 2.25% |
| $0 - $999.99 | 0.00% | 0.00% |
Savings Account6
| Terms/Balances | Interest Rate6 | APY3,6 |
|---|---|---|
| All balances | 1.49% | 1.50% |
Fee and Balance Requirements
| Account | Minimum to open | Monthly fee | Daily minimum to avoid fee |
|---|---|---|---|
| Standards CDs | $10,000 | $0 | N/A |
| Promotional Online CDs | Promotional Online CD: $25,000 Promotional Online Jumbo CD: $250,000 |
$0 | N/A |
| High-Yield Money Market | $10,000 | $257 | $10,000 |
| Savings | $200 | $37 | $200 |
1. Interest Rates and APYs are effective as 2/27/2024 and are subject to change at any time without notice. Substantial penalty for early withdrawal.
2. Promotional Online CDs are a $25,000 minimum to open to earn the interest rate and APY disclosed. Promotional Online Jumbo CDs are a $250,000 minimum to open to earn the interest rate and APY disclosed. Funds must be new money; deposits cannot be made from an existing NexBank CD account.
3. APY—Annual Percentage Yield
4. NexBank Standard CDs: $10,000 minimum to open.
5. The High-Yield Money Market Account is a tiered, variable interest rate account. You must maintain the minimum balance needed for each tier in order to earn the interest rate and APY disclosed. Interest rates and APYs are effective as 2/27/2024 and are subject to change at any time without notice.
6. Savings interest rate and APY are effective as of 2/27/2024 and are subject to change at any time without notice.
7. Fees may reduce the earnings on the account.
2. Promotional Online CDs are a $25,000 minimum to open to earn the interest rate and APY disclosed. Promotional Online Jumbo CDs are a $250,000 minimum to open to earn the interest rate and APY disclosed. Funds must be new money; deposits cannot be made from an existing NexBank CD account.
3. APY—Annual Percentage Yield
4. NexBank Standard CDs: $10,000 minimum to open.
5. The High-Yield Money Market Account is a tiered, variable interest rate account. You must maintain the minimum balance needed for each tier in order to earn the interest rate and APY disclosed. Interest rates and APYs are effective as 2/27/2024 and are subject to change at any time without notice.
6. Savings interest rate and APY are effective as of 2/27/2024 and are subject to change at any time without notice.
7. Fees may reduce the earnings on the account.
| Product | Balances |
|---|---|
| Promotional Online CD | $25,000.00 - $249,999.99 |
| Promotional Online Jumbo CD | $250,000.00 - $5,000,000.00 |
CDs are only available to consumers.