Providing Interest, Impact & Insight
Designed specifically with nonprofits in mind, this Certificate of Deposit (CD) provides community organizations with an investment tool that offers a highly competitive rate, flexible terms and the support of our knowledgeable and caring business banking team.
Outreach CD | Earn 4.80% / 4.91% APY*
Outreach CD Details:
This 8-month CD currently has a rate of 4.80% / 4.91% APY* and even better, you can close it at any time without any penalties or fees. This Outreach CD helps your organization achieve its savings goals, while also giving peace of mind knowing your money is available when and if you need it**. The minimum deposit to open and earn the APY on an Outreach CD is $2,500.
This account is available to any nonprofit that has an Outreach Checking account with OlyFed. Don’t have an Outreach Checking account? It’s easy and simple to open and provides you with a full suite of robust digital tools to manage your money from the office or on the go.
Outreach Checking Details:
- Open with $100.
- Monthly fee of $5 is waived with $500+ average daily balance.
- Earns interest. Current rate is 0.05% / 0.05% APY*
- Unlimited check deposits and withdrawals.
OUTREACH CHECKING DISCLOSURE: For community organizations and nonprofits only. Fees may reduce earnings. Variable rate account. Rates may change without notice at any time. See Truth in Savings and Terms & Conditions brochures for details.
OUTREACH CD DISCLOSURE: The Outreach Certificate of Deposit (CD) has a fixed rate for an 8-month term and is only available to community organizations and nonprofits. The Annual Percentage Yield (APY) is accurate as of January 19, 2024, and is subject to change without notice. The APY assumes interest earned remains on deposit until maturity. The minimum balance to open an account is $2,500 and the minimum balance to obtain stated APY is $2,500. An open and active Outreach Checking account is required to open an Outreach CD. You may withdrawal all funds including interest earned, without penalty, any time on or after the seventh day following the date on which the account was funded. Withdrawals during the first six days after the account is opened are subject to a seven day interest penalty. No partial withdrawals are allowed. Terms and conditions apply. See Truth in Savings and Terms & Conditions brochures for details. Member FDIC.