Wallkill Valley Federal Savings & Loan is committed to helping our community grow; after all, we’re your biggest fan! If you are looking to put away some money before the end of 2018, then you’ll want to find out more about our special CD product for new customers.
What is a CD?
A CD or Certificate of Deposit is a termed savings account that brings a higher yield than a traditional savings account. CDs are also considered low risk because they have a predictable rate of return and are insured by the FDIC. When you open a CD you are agreeing to put money away for a defined period of time for a guaranteed rate of interest. Keep in mind that once you deposit the funds into the CD you will not have easy access to the cash and could face penalties for an early withdrawal. If you are looking for a place for your savings to grow over the next 18 months, we have a new CD product that would be a very nice option for you.
We have an 18 Month Certificate of Deposit product created especially for new customers that gives a rate (APY) of 2.60%/2.63%*. Plus you’ll receive a $25 gift certificate as our way to say thank you!
*Must be a new deposit account customer. Minimum amount to open 18-month CD for this promotion is $25,000.00. Rate for 18-month CD is good until December 15th, 2018. APY is Annual Percentage Yield. Penalty will be imposed for early withdrawal. Visit a branch for more details. Gift card will be issued at account opening. Employees are not eligible.
Do you have a few questions about the product? We encourage you to get in touch with us. Our staff would be happy to talk you through any questions you may have and if this product isn’t quite the right fit, we have a variety of CD products available. Give us a call at 845-895-2051 or stop by one of our 8 branch locations today!