|Fixed-rate CD||Option CD||CDARS|
Our Option CD allows you to take advantage of rising interest rates. Open this account with as little as $1,000 and choose a term of 12 months or terms between 24 and 60 months. If interest rates rise during the term of your CD, you'll have the option to increase the rate once or twice depending on the term of your account.
|Minimum to Open||$1,000|
|Minimum Term||12 Months|
|Maximum Term||60 Months|
|Interest Distribution Options||Capitalize, transfer to account or check.|
|Renew Option||Automatic Renewal|
|Early Withdrawl Penalty||For terms one year or less, the penalty for early withdrawal will be three months interest. |
For terms over one year, the penalty will be six months interest.
|Customer Service||1-800-NBT-BANK (1-800-628-2265) |
E-mail NBT Bank
|Statement Options||Summary of CD information can be included on a monthly portfolio statement|
|Additional Features||One option to increase rate during term |
One additional deposit allowed annually