Sunrise Bank Dakota
Sunrise Bank Dakota

Internet Banking

Sunrise Bank Dakota is striving to make banking as easy and convenient as possible for you.


Banking Services : Certificate of Deposit

Main | Checking & Savings | CDs | IRA | Build for Tomorrow CD | Loans | VISA/Debit Cards | Other

Rates

At Sunrise Bank Dakota, we offer personalized services that can only be found in a Community Bank. Your Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000.00.

As the rate environment is constantly moving, we strive to bring you the most competitive rates possible.

For our current rates, pleas feel free to contact one of our Banking Specialists.

Certificate of Deposit

Maturity Terms: 91 day, 182 day, 12 month, 24 month, 36 month, 48 month, 60 month

Rate Information: This is an interest bearing account. You will be paid the interest rate until the maturity date of the certificate. The annual percentage yield assumes that interest remains on deposit until maturity. Any withdrawal of interest will reduce earnings.

Minimum Balance: The minimum deposit to open an account is $500.00

Compounding and Crediting Frequency: Interest will be compounded semi-annually or paid semi-annually either by a credit to your checking or savings account at the bank or by check.

Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Renewal Policy: This account will automatically renew at maturity. You will have ten (10) calendar days from the maturity date to withdraw your funds without being charged a penalty.

Transaction Limitation: After the initial deposit, you may not deposit to the principal of the existing certificate before maturity.

Early Withdrawal Penalty: If your account has an original maturity of one year or less; we may impose a penalty of three (3) months interest on the amount withdrawn. If your account has an original maturity of more than one year; we may impose a penalty of six (6) months interest on the amount withdrawn. There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty.

Build for Tomorrow CD

Rate Information: This account is an interest bearing account. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. The interest rate on your account will be based on the interest rate currently offered on Sunrise Bank Dakota's 48-Month Certificate of Deposit.

Your account will mature on your 18th birthday. The annual percentage yield assumes that interest remains on deposit until maturity. Any withdrawal of interest will reduce earnings.

Interest for your account is compounded semi-annually. Interest will be credited to your account semi-annually.

Balance Computation Method: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations: You must make a minimum deposit of $100.00 to open this account. After the account is opened, you may make unlimited deposits into the account up until 7 days before the final maturity date. The minimum amount of additional deposits is $100.00.

Early Withdrawal Penalty: If you withdraw any principal before the maturity date, we may impose a penalty of 6 months interest on the amount withdrawn. There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty.

Renewal Policy: This account will not automatically renew at maturity. If you do not renew the account, interest will not accrue after maturity.


Equal Housing LenderMember FDICVerified by Visa

Home | Contact Us | Privacy Policy | Terms & Conditions

201 South Main Street  bullet  PO Box 284  bullet  Onida, South Dakota 57564-0284

Phone: (605) 258-2641  bullet  Toll Free: 1-800-491-2647  bullet  Fax: (605) 258-2454

2012 Sunrise Bank Dakota.  Website Design by BPro Inc

Sunrise Bank Dakota