CBB Bank Step Up CD (Certificate of Deposit)

The interest rate may increase every quarter based on the Wall Street Journal. The increase will be adjusted to the rate change (50%) of the increase. If there is no increase of interest rate, the rate will remain to the last rate; but will not be less than 4.15%.

Guaranteed Rate

4.15% APY


Simple, fixed rate
until 12/31/2022

Higher Earnings Potential Based on WSJ,

50% Up


Every quarter, 50% of the
interest rate increase

Simple to Start

$1,000


Minimum opening
deposit of $1,000

PROMOTION PERIOD
11/21/2022 - 12/31/2022
(Promotion may end early without prior notice)
PROMOTION DETAILS
  • Term: 15-month
  • 4.15% guaranteed: Simple, Fixed rate
  • Minimum balance deposit: $1,000
  • New money only
  • Early withdrawal penalty: 90 day's interest
    (at the rate being paid)

Find your closest CBB Bank branch.




Branch Locations
Disclosure

*CBB Step Up Certificate of Deposit: The Initial Annual Percentage Yield (APY) is accurate as of 11/21/2022.This promotional CD offer ends on 12/31/2022, is for new money only (defined as money not currently on deposit at CBB-Bank), and is subject to change at any time without notice. The minimum balance deposit required to open this account is $1,000. The initial interest rate will be fixed until December 31, 2022 and is subject to change on or after January 1, 2023 without any notice. The interest rate on your account will be adjusted, if applicable, the 1st day of each quarter ("Adjustment Period") based on the current, published Wall Street Journal (WSJ) Prime Rate in effect. At the Adjustment Period: If the current WSJ Prime Rate has increased and is higher than the previous quarter's published Prime Rate, the CD's Indexed Rate will be increased effective on the first date of the quarter. If the current WSJ Prime Rate is equal to or below the previously published WSJ Prime Rate, the CD's Indexed Rate will remain unchanged. The CD's Indexed Rate is calculated by taking the current, published WSJ Prime Rate and subtracting the previous quarter's published Prime Rate that was in effect to determine the amount of the change. The change is then multiplied by 50% to determine the CD's new Indexed Rate. Interest will not be compounded. A penalty may be imposed for early withdrawal before maturity. Fees could reduce earning on the account. For more information, please contact a CBB Bank branch near you. See additional terms and disclosure.