Stonebridge Bank’s CD accounts, with their various term lengths, APY rates and fees attached, will be covered in this Stonebridge cd bank review. This information will help you to decide if a Stonebridge high rate CD account is in line with your financial goals.

Stonebridge Bank Certificates of Deposit –

CDs are set up from 6 months to 60 months and cd interest rates start out at .5% and progress to 2.10%. Not necessarily the highest cd rates out there, but definitely better than many. Please see our other reviews of cd account rates to see how Stonebridge Bank stacks up.Most Stonebridge CDs have standard terms in increments of 6 months. There are a couple of non-standard terms offered and the APY rate fot these certificates of deposit change at a specified times during the term.

Stonebridge Bank makes it easy to open your new CD account with online banking services. With a minimum of $500, you may open a cd with your desired duration. As long as, you keep the minimum daily balance of $500 you earn the quoted APY. The interest may be accumulated in the cd or transferred to your Stonebridge checking or money market account on a monthly basis. The APY rate is compounded daily and credited monthly so the longer you leave the interest in, the more return you will ecieve. All accounts are FDIC insured up to $250,000.

Fees –Stonebridge Bank Certificates of Deposit

The fees associated with these high interest cd rates are: If you decide you need to withdraw money out of the account early, graduated fees will be exacted from the interest earned. An early withdrawal penalty of 90 days interest for certificates of less than 12 months, for certificates 12 up to 36 months, 180 days interest and for certificates 36 months and over, 365 days interest. All early withdrawal penalties are calculated on the amount withdrawn and not necessarily on the entire amount.

StoneBridge Summary

Comparing rates with the rest of the nation, Stonebridge Bank does not have the highest cd rates. If your goal is to get the biggest bang for your buck, the buck would not stop here. However, if you like the convenience and are comfortable with a competitive high rate cd, Stonebridge Bank would be worth looking into a bit further. You can read a thorough review of Stonebridge Bank by Bank Truth to help you decide if they are the right bank for you.