Certificate of Deposits
- Minimum deposit of $1,000.00 required to open most CD accounts
- Earns a higher market rate of interest
- Interest can be compounded or deposited into a BCT account
- Flexible terms up to five years
- Free online NetTeller
- Automatic renewal at maturity option
- FDIC insurance up to $250,000.00
IRA Certificate of Deposits
- Minimum deposit of $500.00 to open account
- Guaranteed fixed rates
- Flexible terms up to five years
- No annual fee
- At age 59 1/2, owner can elect to have money distributed; at age 70 1/2 mandatory distributions are required
- Interest compounded quarterly
- Direct rollovers and transfers from other IRAs
- Flexible contributions – one lump sum or small installments.
- BCT provides the regulatory information needed for tax purposes
- Maximum annual contributions may apply
Certificate of Deposits (exceeding $100,000) - CDARS
- Safety – Your money can receive up to $50 million in FDIC insurance coverage
- No need to spend time managing multiple bank relationships
- Convenience – You work directly with BCT staff
- You earn one great rate on your entire investment
- CD-Level Rates – Your money earns CD-level returns
- Detailed customer statements are provided on monthly basis
- Contact a BCT representative for more details on this product or visit one of BCT branches and speak to the Branch Manager
- Learn more: www.cdars.com
Member FDIC | Equal Housing Lender
