If you’ve been searching for a new way to benefit from the potential rising rate environment, this Treasury Index CD may be the answer.
It’s Easier to Earn More. Your rate is indexed to the Wall Street Journal 3 Month Treasury rate plus a 0.50% margin and will be adjusted on a quarterly basis. As this rate moves, so does the rate on your account. In addition, with Amboy’s Treasury Index CD, you can make additional deposits to fund the CD during the first 30 days from your current bank account using our Bank to Bank transfer capability. Deposits are made by logging into your Amboy Direct account and initiating a transfer.
Balances of $25,000 - $500,000 earn 2.63% annual percentage yield (APY), under $25,000 earns no interest. Early withdrawal penalties may apply. New money only. $500,000 maximum per household. Not available at Amboy branches.