New VirtualBank CD Rates - 5.20% 12-Month CD

VirtualBank just increased the rates on many of their longer CD terms by 0.05%. The 1-year CD now has an APY of 5.20%. The 5-year CD has an APY of 5.25%. There were no changes to the short term CDs. The 6-month CD is still at 5.00% APY. Below is the full list of new and old yields:

CD Term    Old APY   New APY  Change
3 months     4.85%    4.85%
6 months     5.00%    5.00%
9 months     5.00%    5.00%
12 months    5.15%    5.20%   +0.05%
18 months    5.15%    5.20%   +0.05%
2 years      5.15%    5.20%   +0.05%
3 years      5.15%    5.20%   +0.05%
4 years      5.20%    5.20%
5 years      5.20%    5.25%   +0.05%

Virtual Bank's certificates of deposit have a $10K minimum. Based on info received from VirtualBank, the penalty for early withdrawal is one month of interest for the 3-month term, 3 months of interest for the 6 and 9 month terms, and 6 months of interest for the 12 month and longer terms. For more information on Virtual Bank CDs, their Money Market account, and their referral bonus, refer to this post.