| Benefits |
Bay Savings |
Bay Money Market |
| Opening Deposit |
$100 |
$2,500 |
| Interest Bearing |
Tiered rate based upon balance |
Tiered rate based upon balance |
| Minimum Daily Balance |
$100 |
$2,500 |
| Monthly Maintenance Fee |
$3 if balance falls below $100 |
$10 if balance falls below $2,500 |
| Checking Account Required |
N/A |
N/A |
| Direct Deposit Required |
N/A |
N/A |
| Withdrawals |
Only 6 permitted by law a month- $10 each over 6 |
Only 6 permitted by law a month- $10 each over 6
|
| Account Statements |
Quarterly
(monthly if electronic transaction occurs)
|
Quarterly
(monthly if electronic transaction occurs)
|
BAY CERTIFICATES OF DEPOSIT
With Bay Bank's CDs, you can invest as little as $500 and lock in a fixed rate of interest. We offer a variety of maturities that range from 28 days to 60 months. Preferred pricing with a Bay Relationship Checking Account.
CDARS®
Protect your investments with our Certificate of Deposit Account Registry Service®, or CDARS®, which provides access to security and peace of mind beyond $250,000. Get multi-million-dollar FDIC insurance on your CD investments today.
• FULL INSURANCE
Access multi-million-dollar FDIC Insurance on CD Investments
• ONE BANK
Work with a Single Bank for Large Deposits ($10K-$50 Million)
• ONE RATE
Earn One Interest Rate on CD Investments
• ONE STATEMENT
Receive One Statement Detailing all CD Investments
• NO FEES
No Hidden, Annual, Subscription or Transaction Fees
• NO COLLATERALIZATION
No Need to Collateralize Deposits or Track Collateral Values
• VARIETY OF MATURITIES
Ranging from 4 Weeks to 5 Years
• COMMUNITY INVESTMENT
Funds Support Lending Initiatives to Strengthen the Local Community
Visit any branch location for additional information regarding the CDARS® program.
Some of the services described above require a separate signed agreement and fees may apply. See your Bay Bank Customer Service Representative for details.