A small amount of patience can pay off in a big way.
Some things can be done quickly. And some things take time. When you find a guaranteed way to grow your money, a little waiting is easy to accept. With Metro City Bank Certificates of Deposit, you can choose a savings period, lock into an attractive rate, and feel confident that high returns are right down the road.
- CDs feature higher interest rates than most traditional savings accounts
- In general, longer term CDs offer the highest rates
- Metro Bank offers CD terms ranging from 30 days to five years
- $1,000 minimum deposit to open account
- Interest credited to your account monthly. You may choose to keep the interest in the CD, have it paid directly to you or automatically transferred to your checking, savings or Money Market account.
- A penalty may be imposed for early withdrawal - usually one to six months' worth of interest, based on the CD term
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What is CDARS?
CDARS is an short for Certificate of Deposit Account Registry Service. It's a multi-bank network designed to provide financial protection for individuals who place large sums of money in CDs. Here's how it works:
- The Federal Deposit Insurance Corp. protects deposits up to $250,000 per account ownership
- If you want to place more than that in CDs, the amount over $250,000 is spread among other banks participating in the CDARS network
- The CDARS network can handle individual deposits up to $50 million
- Depositors need to only deal with one bank - in this case, Metro City Bank
- No matter where your funds are ultimately deposited, you will receive the interest rates offered at Metro City Bank
- You will also receive just one statement for all your funds
- To inquire about CDARS, please contact one of our associates at 770-455-4989
Metro City Bank is a full-service financial institution with branches in Doraville, Norcross, Duluth, Marietta, Johns Creek, Suwanee, and LaGrange, Georgia; Opelika and Montgomery, Alabama; Tampa, Florida; Centreville and Annandale, Virginia; Dallas, Grand Prairie, and Houston, Texas; Bayside and Flushing, New York; and Fort Lee, New Jersey.
Rates are subject to change. Fees could reduce earnings on the account.
More than a loan; we'll be your partner.
Understanding what you need is what matters to us. Let us help you finance your next move.