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 CDs, meaning certificates of deposit, are a great way to save money. They pay a set rate of interest on funds left on deposit for a specific length of time. So you know exactly how much you’re earning.Interest on Senior BofI CDs is compounded daily and paid monthly. The interest can be paid to your CD account, your checking account or sent to you in check form. We offer CDs in amounts ranging from $1,000 to $10,000 with terms up to 60 months. Of course, if you withdraw early, you will pay some penalties… you can get the details and open your CD account at our Certificates of Deposit page. You’ll also find a link there to our interest rates. Labels: certificate of deposit, internet banking, senior banking |
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