<b>Rates and Fees</b>

Rates and Fees

 

PROMOTIONAL ONLINE JUMBO CD Rates1,2

CDs with a minimum opening balance of $100,000.

Term Rate APY3
​3 month
Promotional Online Jumbo CD
0.70% 0.70%
​6 month
Jumbo Promotional Online Jumbo CD
0.85% 0.85%
​12 month
Jumbo Promotional Online Jumbo CD
2.18% 2.20%

 

PROMOTIONAL ONLINE CD Rates1,2

CDs with opening balances of $25,000 to $99,999.

Term Rate APY3
​3 month
Promotional Online CD
0.65% 0.65%
​6 month
Promotional Online CD
0.80% 0.80%
​12 month
Promotional Online CD
2.135% 2.15%

 

Promotional Online CDs

PRODUCT BALANCES
Promotional Online CD $25,000.00 - $99,999.99
Promotional Online Jumbo CD $100,000.00 - $5,000,000.00

 

NexBank Standard CD Rates1,4

CDs with opening balances of $10,000 TO $24,999.

Term Rate APY3
3 months 0.60% 0.60%
6 months 0.75% 0.75%
​12 months 2.08% 2.10%
18 months 1.19% 1.20%
​24 months 1.49% 1.50%
36 months 1.49% 1.50%
​48 months 1.49% 1.50%
60 months 1.49% 1.50%

 

HIGH-YIELD MONEY MARKET RATES5

Daily Balance Rate APY3
$25,000.00+ 0.50% 0.50%
$5,000.00 - $24,999.99 0.30% 0.30%
$1,000.00 - $4,999.99 0.25% 0.25%
$0 - $999.99 0.00% 0.00%

 

SAVINGS RATES6

  Rate APY3
All balances 0.15% 0.15%

 

 
FEES AND BALANCE REQUIREMENTS

Account Minimum to open Monthly fee Daily minimum to avoid fee
Standard CDs $10,000 $0 N/A
Promotional Online CDs Promotional Online CD: $25,000
Promotional Online Jumbo CD: $100,000
$0 N/A
​High-Yield Money Market $10,000 $257 $10,000
Savings $200 $37 $200

1. Rates are effective as 7/1/2022 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 stated APY. Promotional Online Jumbo CDs are a $100,000 minimum to open to earn stated APY. 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 rate account. You must maintain the minimum balance needed for each tier in order to earn the APY disclosed.
6. Savings rates are effective as of 7/1/2022 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 - $99,999.99
Promotional Online Jumbo CD $100,000.00 - $5,000,000.00

CDs are only available to consumers.