Last updated on 2024-10-11
Low minimum deposit
Convenient online banking
Interest can be withdrawn
Able to add funds to the account even after initial deposit
Phone support 7 days a week
Deposits 100% insured
No physical banks
Not available to residents of Massachusetts or Rhode Island
$500 & Above | |
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24 months | 3.30% APY |
Receive 3.30% APY for Bank5 Connect 24 months Investment CD
Minimum deposit of US$500
Bank5 Connect 24 months Investment CD is an add-on CD, meaning you can continuing to add unlimited funds to your CD at anytime you like during the 2 year term
Interest is compounded and credited monthly
Can withdraw interest anytime during the term after it is credited to your account
Account not available for Massachusetts or Rhode Island residents
No maintainence fees
Deposits are 100% insured, even for amounts over the FDIC limit of $250,000 due to Depositors Insurance Fund (DIF) protection - coverage that starts where FDIC coverage ends
Account will automatically renew at maturity. Each renewal term will be the same as the original term, beginning on the maturity date. You will have a grace period of 10 calendar day(s) after maturity to withdraw the funds without being charged an early withdrawal penalty
Click here to go to Bank5 Connect website for more details
Bank5 Connect is the online division under BankFive, a community bank that is based in Massachusetts and Rhode Island. Citizens5 connect itself does not have any physical branches. Online banking is available via app and website for all customers.
Bank5 Connect can be contacted via live chat and contact form on their website or app. Customers can also contact them via phone on (855) 552-2655 from Mondays to Fridays 7.30am to 5pm ET, Saturdays 7.30am to 3pm ET and Sundays 11am to 3pm ET
BankFive (and all divisions under it including Bank5 Connect) is a member of FDIC which covers the aggregated deposits of a depositor to up to US$250,000. In addition, all deposits above US250,000 are covered under Depositors Insurance Fund (DIF) protection - coverage that starts where FDIC coverage ends