CD & Money Market Special
*Annual Percentage Yield (APY) is accurate as of 7/24/2019. Certificate of Deposit (CD) terms are 19 months¹ and 25 months².
$1,000 minimum opening balance of new money required to earn APY. New money is defined as money not currently on deposit at Cortland Bank. Public funds are not eligible. Offer valid up to maximum balance of $1,000,000. CD interest is compounded and paid quarterly. ¹19-Months: APY of 2.05% is applicable to initial term only. At maturity, CD will automatically renew for a 12-month term, and will earn the interest rate and APY for regular CD for that term. ²25-months: APY of 2.15% is applicable to initial term only. At maturity, CD will automatically renew for a 24-month term, and will earn the interest rate and APY for regular CD for that term. Loss of all earnings penalty for early withdrawal. Not valid with any other offer. This offer may be withdrawn at any time. Rate subject to change. Fees may reduce earnings on your account. FDIC insured up to applicable limits.
**Annual Percentage Yield (APY) of 1.75% is accurate as of 7/24/2019 for the first 12 months (‘initial term’) of account opening.
$5,000 minimum, opening balance of new money required to earn APY. New money is defined as money not currently on deposit at Cortland Bank. Offer not valid for public funds. Rate available up to $1,000,000 per depositor. Interest is compounded and paid monthly. APY of 1.75% is applicable to ‘initial term’ only. After the ‘initial term’ the APY will be variable based on the standard of Cortland Bank offering for money market accounts. As of 5/1/2019: balances up to $24,000.00 earn .020% APY, Balances $25,000-$49,999.99 earn .070% APY, Balances $50,000.00-$99,999.99 earn .120% APY, Balances $100,000 or over earn .170% APY. If account qualifications are not met the standard rate will apply. Rates are subject to change. Fees may reduce earnings on your account. This offer may be withdrawn at any time.
Federal regulation prohibits your from making more than a total of six transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point-of-sale purchase transactions with a banking card, by pre-authorize or automatic agreements, telephone, or online. See your account agreement for more information. Other limits may apply to your account. Excessive transactions may result in changing your money market accounts to a non-interest bearing checking account.
Questions? Call 800.366.2334 or E-Mail: CBinfo@cortlandbank.com