The interest rates on Limelight CDs are competitive. They are competitive with other online CD accounts. Limelight interest rates are much higher than typical brick and mortar bank rates.
Limelight interest rates are not tiered. Any amount in the CD earns the most competitive rate offered. There is no set balance required to earn the most competitive rate.
Each of the Limelight CDs only requires $1,000 to open. There are no monthly fees. The only fees with Limelight CDs are from withdrawing money before the account reaches maturity. You can withdraw money during the grace period without a fee.
Limelight Bank is an entirely online bank. There are no branch locations. You open your account online, and everything for your account is online. Any U.S. citizen, who is 18 years or older, with an SSN or ITIN can open an account.
Limelight Bank offers limited options for personal deposit accounts. They only offer personal deposit CDs. Those CD terms include a six-month term, 12-month term, or 18-month term. Limelight Bank does not offer a savings, checking, or money market account.
Limelight customer service is not available 24/7. The most common way to reach customer service is through email. There is a phone number listed on the website. Customer service hours are not listed on the website.
Limelight Bank does not offer business accounts. The only account offered are personal deposit CDs. Those terms include a six-month, 12-month, and 18-month terms.
Limelight does not offer a checking or savings account. To fund the CDs requires the accounts to be linked to an external account. Once the account is linked to an external bank account, you can easily make transfers into and out of the CDs. Transfer money during the CD grace period or when the CD reaches maturity to avoid a fee.
The Limelight website offers a CD calculator. This calculator helps you see how much interest you can earn. They base the amounts on your term length, opening deposit amount, and the interest rate on the CD. As with all CDs, the longer your CD term, the more interest you earn.
Limelight Bank is an online bank. It is an online division of Capital Community Bank. They are a community-oriented bank based out of Utah. Anyone across the United States, who meets the requirements, can open an account.
Limelight works with national solar product providers. Their goal is to help create more solar energy products throughout the United States. The money deposited into CDs act as loans for the different solar projects. As a customer of Limelight, you are helping to promote environmental responsibility.
Yes. Limelight Bank is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.
Through electronic transfers or wire transfers. You can also request a mailed check once the CD reaches maturity.
Yes. With the app, you can view your account balance and see recent transaction history.
Yes, because Limelight Bank only offers CDs. Fees associated with CDs are from withdrawing money before the maturity date. There are no other fees.
Limelight interest rates are competitive with other online accounts. They only offer personal deposit CDs. The opening amount required is low. Limelight is an entirely online account.
Limelight uses security measures that comply with federal laws. Their computers have safeguards, and their files and buildings are secure. Limelight limits the personal information employees can see.
Yes. The interest rates for Limelight Bank accounts are competitive. They are competitive with other online accounts. Limelight CD interest rates are much higher than other brick and mortar bank rates.
No. Only personal deposit CDs are available through Limelight Bank.
The interest rates on Limelight CDs are much higher than typical bank rates. Everything for your account is online. There are no branch locations.
Limelight Bank does not offer checking accounts. The only accounts offered are personal deposit CDs.
Through email, mail, or phone.
No. Limelight Bank only offers CDs. No bill pay is available because Limelight does not offer checking accounts.
No. Deposit money through electronic or wire transfers or by mailing a check.
Funds generally take two to three business days to be fully deposited into your account.
No. Limelight only offers personal deposit CDs. Deposit money into CDs at the maturity of the CD or during the grace period. During those times you can deposit money into the CDs electronically.
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