Will rates go up or down? The odds may be 50/50, but how do you know? This CD allows you the flexibility to adjust your deposit no matter how rates change. You have a one-time option to add or withdraw 50% of your initial deposit without incurring a penalty or extending the term of the CD. It's the best of both worlds.
- Earn $50 when you sign up for direct deposit
- Earn $50 when you pay 10 bills online through bill pay
Switching to Melrose Cooperative Bank is as easy as 1-2-3. Download our switch kit.
* Annual Percentage Yield (APY) effective as of January 24, 2013, and is subject to change without notice. 1.50% APY assumes funds remain on deposit for 12 months. You can change your deposit one time before the CD matures. No other change in terms will be allowed. Offer is available for CDs only. $1,000 minimum balance to open a CD. Maximum initial deposit is $100,000. $500 minimum balance to earn APY. Fees and early withdrawals may reduce earnings. Available only for funds not currently on deposit at Melrose Cooperative Bank. Funds will automatically renew at maturity to the 12 month rate then available. No other coupons or offers are valid with these rates. Substantial penalty for early withdrawal beyond 50%. Offer is available for personal or household accounts only. Tax Identification Number owner must reside in Melrose or its abutting communities: Saugus, Wakefield, Malden and Stoneham. Interest compounded and credited monthly. Other rates and terms are available.
** Offer available for new Melrose Cooperative Bank Free Checking accounts opened before February 28, 2013. Receive $50 when you sign up and receive direct deposit from payroll, pension, or reccurring payment; direct deposit must be established and utilized before April 30, 2013. Receive $50 when you sign up for bill pay and pay 10 bills before April 30, 2013. All applicable taxes are the responsibility of the recipient. Bonuses limited to one account per customer and will be credited to the checking account within 120 days of completing the requirement(s). Offer may be withdrawn or amended without prior notice.