You have $100,000 or more to invest and you want to lock in a
competitive fixed interest rate for a short period of time.
These extra features are available with our Certificate of Deposit (CD) Accounts:
•
For current interest rates and Annual Percentage Yields (APY) click here
•
Comprehensive selection of deposit terms
•
Investments start at $100,000
•
Interest payment options available
Terms of:
1 month
2 months
Interest:1
Fixed interest rate and APY. Interest compounded daily and paid at maturity.
Minimum opening deposit:2
$100,000
Other features and options:
Competitive interest rates with the convenience of automatic renewal. Unlimited free access to information about your account by automated telephone or online inquiry. Interest is automatically redeposited to your CD. For CDs (not IRA CDs) of $5,000 or more, interest can be paid by check or credited monthly or quarterly to another account at Harris. Maturity notice sent prior to maturity and confirmation notice sent after renewal.3
Penalty for early withdrawal.4
Click here for information on other fees.
Notes: Click here for Definitions and other important terms.
These personal accounts are only available at Harris N.A.
Click here for information about Interest Rates and Calculations on deposit accounts.
Additional deposits to an
existing account: Each CD is treated as a separate account with its own
interest rate and maturity. You cannot make additional deposits into an
existing CD.
Maturity, renewal and grace period: UNLESS YOU HAVE INSTRUCTED US OR WE HAVE DISCLOSED TO YOU OTHERWISE, YOUR CD WILL AUTOMATICALLY RENEW AT THE MATURITY DATE TO ANOTHER CD OF AN EQUAL TERM AT THE THEN CURRENT INTEREST RATE FOR THAT TERM AND CURRENT BALANCE. You will have a grace period of ten calendar days after the maturity date to withdraw the funds without being charged an early withdrawal penalty. Accounts that do not automatically renew will not earn interest after the maturity date. CDs of $100,000 or more may not automatically renew.
Early withdrawal penalty and computation method: When you make a deposit to any of our CD products, you are agreeing to keep the funds on deposit until the stated maturity. We reserve the right to permit withdrawals of principal only upon maturity. If we permit you to make an early withdrawal of principal, you will pay an early withdrawal penalty. The penalty is calculated using the interest rate applicable to the CD at the time of early withdrawal. If the amount of the penalty exceeds the amount of accrued and unpaid interest, then a reduction of principal would be required in order to pay the penalty. These penalties do not apply to Qualified IRA Distributions. The penalties are as follows:
CDs with terms of:
Are Charged:
• 1 month (7-59 days)
Loss of interest
•
2-11 months (60 days up to and including 364 days)
Harris® is a trade name used
by Harris N.A. and its affiliates. Member FDIC.
Third
party web sites may have privacy and security policies different
from Harris. Links to other web sites do not imply the
endorsement or approval of such web sites. Please review the
privacy and security policies of web sites reached through links from
Harris web sites.
Brokerage products offered through
Harris Investor Services, Inc. registered broker/dealer, member
FINRA/SIPC, SEC-registered investment adviser. Insurance and annuities
offered through Harris Bancorp Insurance Services, Inc. Harris
Investor Services, Inc. and Harris Bancorp Insurance Services, Inc.
are affiliates of Harris N.A. and its banking subsidiaries. Products
offered are: NOT A DEPOSIT - NOT INSURED BY THE FDIC OR ANY
FEDERAL GOVERNMENT AGENCY - NOT GUARANTEED BY ANY BANK - MAY LOSE
VALUE.
United States Department of Treasury Regulation Circular 230 requires that we notify you that, with respect to any statements regarding tax matters made herein, including any attachments, (1) nothing herein was intended or written to be used, and cannot be used by you, to avoid tax penalties; and (2) nothing contained herein was intended or written to be used, and cannot be used, or referred to in any marketing or promotional materials. Further, to the extent any tax statement or tax advice is made herein, Harris N.A. does not and will not impose any limitation on disclosure of the tax treatment or tax structure of any transactions to which such tax statement or tax advice relates. Harris N.A.does not provide legal advice to clients. You should review your particular circumstances with your independent legal and tax advisors.
