We are committed to consistently offering some of the most competitive CD and Money Market rates in the nation. Grow your money with CFG when you choose one of our favorable savings options.
Rates offered do not apply to business accounts.
|Account||Minimum Deposit to Open||Minimum Daily Balance to Obtain Annual Percentage Yield (APY)||Details||Interest Rate||APY|
12 Month CD Online Only
|13 Month CD Online and in Branch||$500||$500||One-Time Penalty Free Withdrawal during the Term of the Certificate||1.69%||1.70%|
|18 Month CD Online and In Branch||$500||$500||1.74%||1.75%|
|60 Month CD Online and in Branch||$500||$500||1.64%||1.65%|
|Online CFG High Yield Money Market||$1,000||$1,000.00 - $24,999.99||May Add Deposits at Anytime, No Check Writing Privileges, New Funds Only||1.78%||1.80%|
|Online CFG High Yield Money Market||$1,000||$25,000.+||May Add Deposits at Anytime, No Check Writing Privileges, New Funds Only||1.88%||1.90%|
Market I and II**
|$1,000||$1,000 - $9,999.99||1.63%||1.65%|
Market I and II**
Rates are subject to change at any time.
Annual Percentage Yield assumes interest remains on deposit. Withdrawal of interest will reduce earnings. Fees could reduce the earnings on the account.
Money Market accounts - Federal regulations and the deposit agreement impose limits on the number of certain types of withdrawals and transfers you can make each month from your Money Market account. You may make no more than a total of six (6) automatic or preauthorized transfers, telephone transfers, Online Banking transfers, or payment from your account each month, including payments by checks, drafts and debit cards to third parties. You can, however, make unlimited withdrawals in person at the bank, at an ATM or by mail. By Federal regulation, violations of these transaction limits will subject the account to closure. We charge an excess withdrawal fee (see fee schedule).
Tiering Levels and Applicable Interest Rates that Apply to Your Account – The interest rate to be paid on your account is determined by the daily balance in your account. If your daily balance is within a range on the chart above, the interest rate and the Annual Percentage Yield paid on the entire balance in your account will be the rate and yield noted for that balance.
*High Yield Money Market accounts (NO CHECK WRITING PRIVILEGES) Once funding occurs the daily external transfer limit for the CFG High Yield Money Market Account is $5,000. Your external transfers may not exceed $30,000 in a 30-day rolling period.
**Online Health Fitness Money Market I and II - To qualify and obtain the MYZONE® belt valued at $125 you must open the account with $10,000. Your gym membership must be current and active. To obtain payment of the $100 bonus, you must open and maintain an average monthly balance of $10,000. You must also provide CFG Bank with an annual report from the gymnasium where you are a member to confirm you worked out eleven times each month. The monthly average balance and the workout requirements must be met for twelve consecutive months from the account opening date to qualify for the first bonus payout and each year thereafter for each additional payout
For Certificates of Deposit: No additional deposits are permitted after initial deposit. The rates are accurate as of March 25, 2020. The minimum balance for all CDs is $500, and the maximum deposit is $250,000. Fees could reduce the earnings on the account. These accounts are subject to an early withdrawal penalty. All accounts are subject to a 7 days interest penalty if withdrawal occurs within 6 days of account opening.
CFG Bank reserves the right to decline a request for a deposit account or for a deposit.