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Professional financial planners agree that it is more important
than ever to include Certificates of Deposit in your portfolio when
you are investing money for the future. It is important to have
investments you can count on.
Flexible Internet CDs let you choose terms ranging from seven days
to six years. Interest rates are guaranteed for the term and
insured up to $100,000 by the F.D.I.C.
1st Source Bank is offering the following Certificates of
Deposit to Internet users:
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7 day
|
1.51% APY |
$25,000 minimum |
|
32 day
|
1.51% APY |
$2,500 minimum |
|
91 day
|
2.02% APY |
$2,500 minimum |
|
182 day
|
2.26% APY |
$2,500 minimum |
|
1 year
|
2.5% APY |
$500 minimum |
|
18 month
|
2.65% APY |
$500 minimum |
|
2 year
|
2.9% APY |
$500 minimum |
|
3 year
|
3.1% APY |
$500 minimum |
|
4 year
|
3.3% APY |
$500 minimum |
|
5 year
|
3.4% APY |
$500 minimum |
|
6 year
|
3.4% APY |
$500 minimum |
Yes, I would like to open a CD
For more information call 1-888-258-3150
Please note the following regarding our Internet CDs:
We offer CD specials that feature a special term and rate. The maturity process
for these CDs is different than CDs with our standard terms. If you do not
redeem a CD special, and do not contact us, the CDs will automatically renew
as follows:
- 3 month CDs will renew at the current 32 day APY
- 30 month CDs will renew at the current 2 year APY
If you would like
to renew your CD at the current 3 month or 30 month APY listed in the chart
above, please mail or fax a letter of instruction with
your signature. Our fax number is 574-235-2522 and our address is listed
below. The APY is effective as of May 14, 2008.
There is a $500.00 minimum deposit required to open a CD, special
offers may require more. Applications should be mailed and postmarked on
the date that you apply. The postmark date will lock in the rate shown on
our website. Rates are subject to change at anytime. Simple interest will
be accrued daily based on a 365 day year; 366 days in a leap year. Per your
request, interest may be paid by check or credited to another 1st Source
Bank deposit account for Certificates equal to or greater than $2,500.00.
There is a substantial penalty for early withdrawal from a CD. This offer
applies only to personal CDs with balances up to $100,000.00. Additional
paperwork is required to open an IRA/CD. This offer may not be used in combination
with any other offer and may be purchased with U.S. dollars only. CD rates
advertised on the Internet may not be available in 1st Source Banking Centers.
Please click
here to view 1st Source Bank's complete Terms and Conditions.
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