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24 Month 2% CD

Wednesday, May 14, 2014 - 2:29 PMInstitution for Savings - Details
Institution for Savings is now offering a 24 month 2% CD, think that's about the top rate for that term that can be found
3
scottjscottj30 posts since
Jun 5, 2010
Rep Points: 799
1. Wednesday, May 14, 2014 - 4:10 PM
That is a great rate for 24 months but did you see the minimum??  Is it really 250K?? 
1
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
2. Wednesday, May 14, 2014 - 4:20 PM
The minimum is only $500 per their web site for the 24 Month 2% CD special. They do have a Platinum 48 Month 2.50% CD with a minimum to open of $250K. A branch visit is required to open an account (as noted by Ken in an earlier review of the bank).
4
ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,215
3. Wednesday, May 14, 2014 - 4:37 PM
Thanks for the info.  I thought the  -  (dash) meant everything below the Platinum was also 250K.  The $500 minimum makes more sense for the 24 month 2% CD.
1
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
4. Wednesday, May 14, 2014 - 4:48 PM
The Platinum CD is part of a combo account and you must also open a money market account and keep $250k min there , at 1%. Luckily I have branches less that 30 minutes from me so opening is easy
1
scottjscottj30 posts since
Jun 5, 2010
Rep Points: 799
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