Business & Personal Banking

Tel: 262 754 5555  |  Brookfield, WI

  • Picture of telephone with text: Unlike many banks, we give you direct access to decision makers.
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Banking Redefined

Banking Redefined

For us banking is about relationships, not transactions. Whether you’re looking for business bank or a personal bank, here you’ll find exceptional customer service. It's more than a promise. It's the way we’re known for doing business.

Customer Experience

September 24, 2018

Current Certificate of Deposit Specials

Personal and IRA

Rates Effective September 19, 2018

13-Month CD Special

Minimum Required to Open / Maintain and Earn Annual Percentage Yield (APY) Interest Compounded Interest Credited Early Withdrawal Penalty
$1,000 and higher
Rate APY
Quarterly Quarterly 3 Months Interest
The Annual Percentage Yield (APY) on Certificates of Deposit assumes interest remains on deposit until maturity; a withdrawal of interest prior to maturity will reduce earnings. Penalties for early withdrawal of principal could reduce earnings, whether earned or not. Rates subject to change at any time.

Deposits/Withdrawals

You must deposit $1,000 or more to open the account. After the account is opened, you may not make deposits into or withdrawals from this account until the maturity date. We will impose a penalty if you withdraw any deposited funds before the maturity date. The penalty will be calculated using the interest rate in effect on your certificate on the date of withdrawal.

Minimum Balance

You must maintain a minimum balance of $1,000 in your account every day to obtain the disclosed annual percentage yield. The annual percentage yield disclosed assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.

Interest

The interest rate for your account will be paid until the maturity date of your certificate. Interest begins to accrue on the business day you make the deposit. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Interest is compounded quarterly and credited to your account quarterly.

Renewal

This account will automatically renew for a 1 year term at maturity, unless at least 15 days prior to a renewal date we give you written notice that this account will not be renewed. You will have 10 calendar days from the maturity date to withdraw your funds without being charged a penalty. During the grace period, your certificate will continue to earn interest.

16620 W. Bluemound Rd., Suite 100 Brookfield WI 53005
262-754-5555
www.springbankwi.com

 

September 24, 2018