With Lake City Bank’s Freedom CD, you get a great rate and the flexibility to make deposits and withdrawals.
- $5,000 minimum deposit to open
- 1.25% APY* for 12 month term
- You may make deposits of $1,000 or more to a Freedom CD at any time.
- You are allowed one withdrawal without penalty (minimum $1,000) per calendar month. You must wait 7 days before making a withdrawal from a deposit. In addition, a minimum 7 day separation must be made between withdrawals occurring in consecutive calendar months. We may assess a penalty of 360 days interest on withdrawals that do not meet these requirements.
- If the balance of a Freedom CD drops below $5,000, we may assess a penalty of 360 days interest and we may rewrite the Freedom CD as a Traditional CD at the current interest rate and APY in effect for Traditional CDs for the remaining portion of the term.
- Interest is compounded and credited annually to a Freedom CD.
Drop in one of our branch locations or call our One Call Center at (888) 522-2265 for more information about other available CDs or to open an account.