Rise Up With Rising Rates

3-YEAR LIBOR INDEX CD

While the standard, fixed rate CD certainly has its place, here’s a CD we’ve crafted for the opportunist in us all. We call it the LIBOR Index CD. And, as its name suggests, returns on this variable rate CD are directly tied to the performance of the 3-month London Interbank Offered Rate (LIBOR). How it works is simple. As the 3-month LIBOR rate moves, so too does the rate on your CD. If you’ve been searching for a new way to benefit from a potential rising rate environment, this could be your answer.

Rate Details

In determining the periodic Annual Percentage Yield (APY) on the CD, the 3-month LIBOR rate is added to the margin noted below. All percentages are accurate as of 4/21/2017 12:00:00 AM.

3-YEAR LIBOR INDEX CD
3-mo LIBOR Rate* Margin Interest Rate* APY*
1.05% + 0.25% 1.30% 1.31%

* The 3-month LIBOR rate is an annualized rate of return.1