$100 Bonus with new 4-year Online CD (certificate of deposit)
Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.
A pretty sweet bank promotion is underway at OneUnited Bank. Currently when you open a new 4 year CD with a minimum deposit of $25,000 they will drop $100 into your account after 90 days. The interest rate you will receive with this promotion is 2.40% APY – which isn’t too shabby considering the top 4 year online CDs are barely paying over 2.50% APY. You can also look at this offer as a 4 year CD yielding 2.80% APY if you choose to deposit the $25k minimum required for the bonus (the $100 bonus essentially ads another 0.40% to your CD yield).
* One thing to note is that their rates haven’t changed since December 1, 2009. And at that time we were experiencing slightly higher CD rates than we are experiencing today…so this offer has grown to be a bit more lucrative than it was in December of last year.
Details, Terms and Conditions:
The interest rate (2.40%) and annual percentage yield (APY) are effective as of December 1, 2009. $1,000 minimum balance to open and earn disclosed APY.
$25,000 minimum balance to earn the $100 bonus. $100 bonus will be deposited into your account 90 days after account opening.
All rates are subject to change daily. Interest on CDs is compounded at the end of the term or annually, which ever is shorter. A penalty may be imposed for early withdrawals on all CDs, and fees may reduce earnings on the account.
Eligible accounts must be opened by 6/30/10 and cannot be overdrawn. Limit $100 bonus per customer. This offer cannot be combined with any other offer from OneUnited Bank. $100 bonus is subject to 1099 MISC reporting.
