Time Deposits .........................................
BCB Community Bank offers a wide variety of Certificate of Deposits (CD) and IRA’s in a number of terms.
Time Deposits
Interest Rate
APY**
3 Month CD
0.25%
0.25%
6 Month CD
0.30%
0.30%
9 Month CD
0.35%
0.35%
12 Month CD
0.65%
0.65%
18 Month CD
0.75%
0.75%
2 Year CD
1.00%
1.00%
3 Year CD
1.24%
1.25%
4 Year CD
1.49%
1.50%
5 Year CD
1.73%
1.75%
.........................................
Minimum deposit of $500.00 required to open account
$500.00 minimum balance to obtain APY
*Annual Percentage Yield accurate as of 11/17/2011 and is subject to change without prior notice. **Annual Percentage Yield
Individual Retirement Accounts (IRA)
BCB Community Bank offers Traditional, Roth, and Educational IRA’s
Minimum term is 12 months
Minimum deposit of $250.00 required to open account
$250 minimum balance to obtain APY
IRS may impose additional penalties for early withdrawals
Account Terms
Interest compounded continuously and credited monthly
Annual percentage yield (APY) assumes interest remains on deposit, withdrawals of interest will reduce earnings
The interest rate for your account will be paid until maturity
Your account will automatically renew at its maturity. You will have seven calendar days from maturity date to withdraw your funds or your certificate will automatically rollover
If any deposit is withdrawn before the maturity date a penalty is applied. A loss of three months interest on 91 day, 6 month, and 9 month CD’s and a loss of 6 months interest on all CD’s 12 months and over
