Finally, A Rate Hike You Can Smile About

APY = Annual Percentage Yield. APYs are accurate as of 3/27/2024. Offer is open to existing or new customers. 10-month CD, 2 tiers: (1) $10,000 minimum at an interest rate of 4.89% and 5.00% APY, and (2) $100,000 minimum at an interest rate of 5.13% and 5.25% APY. Minimum balances to earn APY must be new money. New money is defined as funds not on deposit with C&N at the time of account opening. Existing customers may add existing C&N liquid funds (no waived penalties on existing time deposits) to the new accounts but must bring in a minimum of $10,000 or $100,000 of new money to qualify. CD automatically renews to a 12-month term CD upon maturity at the interest rate and APY of the 12-month term at that time. No additional deposits, withdrawals of principal, or withdrawals of uncredited interest are allowed. Withdrawals outside of the ten-day grace period at maturity will result in the account being closed and forfeiture of 90 days' interest. Not available for deposit brokers or municipalities. $2,000,000 limit per account. Offer may be withdrawn at any time.