Account Description: Cornerstone Bank is pleased to offer Certificates of Deposit with maturities from 6 months to 5 years. We also offer a 12 month "Growth CD" that allows you to contribute to the CD in increments of $25 throughout the term. This allows customers to save for known, recurring events like vacations, taxes or Christmas spending while earning more interest than the standard savings account.
If you struggle to maintain your accounts under the FDIC coverage limit, we have the solution to simplify your life. Upon application and free of charge, we can provide insurance coverage for all of your deposits through a banker's surety bond.
In addition, we offer "Reward Pricing", higher yielding "bonus" interest for our CD customer's who use multiple bank products. We value your loyalty and want to show our appreciation by rewarding those of you who make Cornerstone Bank your primary bank.
This account is best suited for customers who:
- Want a safe and secure investment with FDIC insurance coverage
Requirements
- Minimum balance to open a CD - $1,000
- Minimum balance to open a Growth CD - $500
- Minimum balance to open an IRA - $100
Benefits
- Reward Pricing - increases your yield based on banking relationship
- Free Bankers Surety Bond coverage for deposits beyond FDIC limits
Available upon application in $50,000 increments
You receive a Surety Bond certifying coverage
You have peace of mind knowing every dollar is insured
Simplifies record keeping - you can keep all your money in one bank
No cost to you - Interest can be compounded or automatically deposited into another Cornerstone account.
- Growth CD's allow you to continue to deposit to the CD until maturity.
Convenient way to save for upcoming expenses
Allows for small additions to ease the burden on your pocketbook
"Savvy Saver" sweeps can be used to make savings easy and automatic
- IRA's - Start saving for your future with tax deducted contributions and tax-deferred earnings
Earn higher yields then with regular CD's
Choose from Traditional or Roth IRA's
Self-directed IRA's available through our non-bank Investments services
Options
