For instance, it’s not uncommon to lose a full year’s worth of interest if you transfer funds out of a five-year CD account before the term is over. Generally, CDs with longer terms carry more severe withdrawal penalties than short-term CDs. But again, long-term CDs are only an option if you’re willing to stash away some cash you won’t be able to touch for years. If you’re interested in accruing the maximum amount of interest possible, consider long-term CDs, which historically have the highest APYs. For instance, you may forfeit six months’ worth of interest if you withdraw money from a one-year CD before 12 months are up. If you withdraw money from your CD before it “matures” (reaches the end of its term), you’ll likely get hit with steep penalties in the form of reduced interest. That term could range from a few weeks to several years, depending on the CD you choose. The other major difference is that you’ll typically only earn interest on a CD account if you refrain from withdrawing funds during the term.

Data accurate as of November 29, 2023.Ī CD is similar to a savings account, but the interest rate is fixed-not variable.

Rates are based on a $25,000 minimum deposit. The interest rate fixed on the date of opening is valid until the end of the current quarter plus 12 months (maximum 15 months).Source: Curinos. From 1 January 2025, the UBS Savings Account extra will be automatically continued under the standard conditions of the UBS Savings Account.Ĩ) Valid interest rates for products opened before 1 October 2023 on request. Only available within UBS key4 banking.ħ) The fixed interest rate is valid until 31 December 2024 for accounts opened from 1 October 2023 to 31 December 2023. Changes to the maximum credit balance limits will be notified by UBS. Amounts in excess of this must be held in another account.

1) Debit interest: 12.00% (for a UBS Personal Account for Young People upon reaching the age of majority).ģ) A deposit charge (currently 0%) may be levied depending on current interest rates and the amount of your credit balance.Ĥ) Only available with the banking package for young people or students or UBS key4 banking for people up to the age of 22 and students with valid student ID up to maximum 30 years.ĥ) Also applies to the rental surety savings account.Ħ) The maximum credit balance limit is currently CHF 100,000.

First united bank cd interest rates