Cfg Bank:
Online Certificate of Deposit - 4.25% APY
• No additional deposits are permitted after initial deposit.
• The minimum balance for all CDs is $500, and the maximum deposit is $250,000.
• Fees could reduce the earnings on the account.
• These accounts are subject to an early withdrawal penalty.
• All accounts are subject to a 7 days interest penalty if withdrawal occurs within 6 days of account opening.
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 4.25% |
| Term Length | 12 Month |
| Minimum deposit amount | $500.00 |
| Maximum deposit amount | $500,000.00 |
| Balance Requirements | |
| Minimum Opening Deposit | $500.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $500.00 |
| Minimum To Earn | $0.00 |
| Fees | |
| Early withdrawal penalty | Six Months of Interest |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | N/A |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | × |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Recent Rate Changes
| Date | APY |
|---|---|
| November 12, 2024 | 4.25% |
| October 1, 2024 | 4.00% |
| August 16, 2024 | 4.35% |
| August 7, 2024 | 5.00% |
| July 25, 2024 | 5.25% |
| July 25, 2024 | 5.33% |
| June 27, 2024 | 5.36% |
| April 8, 2024 | 5.31% |
| March 7, 2024 | 5.40% |
| February 23, 2024 | 5.35% |
| January 9, 2024 | 5.25% |
| November 13, 2023 | 5.35% |
| October 18, 2023 | 5.50% |
| September 26, 2023 | 5.67% |
Customer Reviews for CFG Bank (52)
TJK
September 30, 2023 |
CFG overs very competitive Interest rates on their High Yield Savings account.
I did everything ONLINE and have not had any issues with their service.
Is this review helpful? Yes:2 / No: 0
Demon1965
May 3, 2023 |
30-year USAA member that consistently earned .01% interest on savings. Took son's advice and transferred funds to CFG. On $100k I earned $0.63 monthly with USAA - whereas CFG shares the wealth and I earn $400+. Satisfied customer.
Is this review helpful? Yes:2 / No: 0
DaveF150
April 11, 2023 |
No problem with phoning the bank. It can take 5 to 10 days for the wire transfer, since CFG first makes 2 small deposits into your account to verify the Routing Number and account number YOU provide is valid. That itself can take 2 business days. Then depending on when YOU check your email and recieve a secure link from CFG, you must confirm the small amounts (2) (.28 and .87) prior too, the transfer of funding amount (10K) in my case. Easy to follow web site, just read every word, Safe and Secure.
Is this review helpful? Yes:3 / No: 0
YTR
March 27, 2023 |
CFG is an outstanding bank, and now rate is over 5%!
Is this review helpful? Yes:3 / No: 1
Tom154
February 28, 2023 |
I have tried to reach this bank due to my application did not go through by calling them and leaving messages for three days. No one will answer the phone or call me back. I am very disappointed after giving them all my personal information.
Is this review helpful? Yes:26 / No: 1
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