5.25% 1 Year CD At Nova Bank

interested
  |     |   79 posts since 2019

Fairly new bank with only one branch local to Huntsville, AL.

https://www.nova.bank/cd-special




bobert456
  |     |   187 posts since 2022
-I have not yet called them. Does anyone know if they will allow new customers from outside their local area?
RWK
  |     |   94 posts since 2024
Yes it does allow you to open outside of the local area. Let us know how your experience goes. Albeit a young bank financially they look good.
eneldar
  |     |   39 posts since 2022
I spoke to the branch manager yesterday and was assured I could open an account even though I do not live in the Huntsville area. The only info he said I needed was to tell him where I heard about the offer (Deposit Accounts) and how I would fund the account (check or wire). He then sent me via secure email a "customer information form", which I completed and returned, along with a copy of my driver's license. I received an email stating they were working on getting the account opened and would send account documents for my signature today. Instead of receiving account documents, I received the following response: "Thank you for your interest in opening an account with Nova Bank. Unfortunately, after further guidance we are unable to establish any new accounts outside of our geographical area of Huntsville, AL. We apologize for any inconvenience this may cause. We appreciate your understanding." I just spoke with the branch manager for clarification. He said their compliance team made the decision last night to not accept deposits from outside their geographical area.
RWK
  |     |   94 posts since 2024
Eneldar- So Sorry, they told me the same thing; it looks like we were both informed incorrectly.


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.