myCDbank.com Announces Entry to Online CD Market

News provided by

Jan 25, 2023, 10:34 ET

Online-only division of Beal Bank USA specializes
in competitive CDs and savings products

PLANO, Texas, Jan. 25, 2023 /PRNewswire/ -- myCDbank.com (mycdbank.com), a division of Beal Bank USA (Member FDIC), is pleased to introduce itself to savings depositors and investors across the nation. The myCDbank.com brand specializes in offering online-only certificates of deposit (CDs) with competitive rates.

myCDbank.com is currently featuring a very competitive 12-month CD at 4.65% APY* with a $1,000 minimum deposit.

Beal enterprise Chief Operating Officer Brent Lundberg said, "CDs have long been attractive for investors seeking secure, stable returns. However, in the current rising interest-rate environment, we want to also attract investors who may not have considered CDs in the past but are now looking for solid returns at low risk. Our current offering and online system make it easy for all investors to open a CD account at a great rate and manage the account online."

myCDbank.com customer service professionals can help customers open an account online and answer questions from investors who are new to the CD-buying experience.

All deposits through mycdbank.com, a division of FDIC-insured Beal Bank USA, are insured up to applicable FDIC limits.

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* The annual percentage yield (APY) advertised for the Certificate of Deposit herein is accurate as of the date of this publication and is available online only through mycdbank.com. Rates offered may change without notice. Minimum balance to open an account and obtain APY is $1,000. A substantial penalty may be imposed for early withdrawal. The advertised APY may be discontinued at any time; contact myCDbank.com for current CD rates. Each depositor is FDIC-insured up to applicable limits. Fees may reduce earnings. Note: myCDbank.com products are not currently available in Texas and Ohio. For additional terms and conditions, contact myCDbank.com.

About Beal Bank USA: Beal Bank USA, headquartered in Las Vegas, Nevada, shares the Beal Bank brand with its sister institution Beal Bank, and has a well-earned reputation as a stable, strongly capitalized financial institution, with assets nearing $24 billion as of September 30, 2022. Beal Bank USA is a member of FDIC. For more information, visit FDIC.gov.

Contact: [email protected]

SOURCE Beal Bank USA