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Tax rate on cd interest

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All deposited funds must be new money from another financial institution and cannot contain any existing funds.Ĥ. $30,000 minimum balance in new money required from another Institution. This is the daily balance (i.e., the amount of principal in the account each day.)ģ. Full list of rates available at cpb.bank/rates/personalĢ. All CPB CD specials are FDIC insured, up to $250,000 per category. Offer is subject to change and is not combinable with other offers.

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A penalty will be imposed for early withdrawals and early closing of the CD. Fees may reduce the earnings on the CD account. APY assumes interest will remain on deposit until maturity. CD qualifies towards Exceptional Checking balance.

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Customer may not have more than $1,000,000 in the CD. Minimum balance to obtain APY is $30,000. Annual Percentage Yield (APY) is accurate as of November 20, 2023. As long as you are a consumer Exceptional Plan customer, you may open and maintain Exceptional Preferred Certificates of Deposit.

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