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Level One CD Specials

38 Month Certificate of Deposit

Earn 1.50% APY* 

Features

  • 38 month CD term
  • 1.50% APY on all balances1
  • Rate applies to CDs and IRAs
  • No maximum balance

Minimum Deposit to Open

  • $500.00

Withdrawal Penalties

A penalty for early withdrawal of 365 days of simple interest may be imposed.  An early withdrawal penalty may reduce principle. For IRA CDs, tax penalties may be imposed in addition to early withdrawal penalties2.

Renewal

At time of maturity, the CD will automatically renew as a 36 month CD, unless funds are withdrawn or we are notified in writing prior to maturity of intention not to renew. You will have 10 calendar days after the maturity date to withdraw funds without a penalty.

For additional information or current CD rates, please contact your local banking center.

Request More Information

Level One Bank reserves the right to change these accounts at any time.

*Annual Percentage Yield.  The posted APY assumes interest is credited to the account. 1Minimum deposit to open is $500.00. Withdrawals and fees may reduce earnings on the account. A penalty that may reduce principle may be imposed for withdrawals before maturity. Rate is accurate as of 01/22/2014 and is subject to change at any time. Please speak with a Level One banker for more information.

2Please consult with a tax professional for guidance regarding contributions and distributions to your Traditional or Roth IRA’s. Contribution limits may apply. You must be under the age of 70 ½ to enroll in a Traditional or Roth IRA. Contributions to a Traditional IRA may be tax free.  To contribute to a Roth IRA, you or your spouse must have earned income, and your modified adjusted gross income (MAGI) may not exceed certain limits.  Distributions (withdrawals) may be subject to additional tax penalties.

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15 Month Certificate of Deposit

Earn 1.00% APY*

Features

  • 15 month CD term
  • 1.00% APY on all balances3
  • Rate applies to CDs and IRAs
  • No maximum balance

Minimum Deposit to Open

  • $500.00

Withdrawal Penalties

A penalty for early withdrawal of 180 days of simple interest may be imposed.  An early withdrawal penalty may reduce principle. For IRA CDs tax penalties may be imposed in addition to early withdrawal penalties4.

Renewal

At time of maturity, the CD will automatically renew as a12 month CD, regardless of the original monthly term, unless funds are withdrawn or we are notified in writing prior to maturity of intention not to renew. You will have 10 calendar days after the maturity date to withdraw funds without a penalty.

For additional information or current CD rates, please contact your local banking center.

Request More Information

Level One Bank reserves the right to change these accounts at any time.

*Annual Percentage Yield.  The posted APY assumes interest is credited to the account. 3Minimum deposit to open is $500.00.  Withdrawals and fees may reduce earnings on the account. A penalty that may reduce principle may be imposed for withdrawals before maturity. Rate is accurate as of 01/22/2014 and is subject to change at any time. Please speak with a Level One banker for more information.

4Please consult with a tax professional for guidance regarding contributions and distributions to your Traditional or Roth IRA’s. Contribution limits may apply. You must be under the age of 70 ½ to enroll in a Traditional or Roth IRA. Contributions to a Traditional IRA may be tax free.  To contribute to a Roth IRA, you or your spouse must have earned income, and your modified adjusted gross income (MAGI) may not exceed certain limits. Distributions (withdrawals) may be subject to additional tax penalties

 

 

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