Bradford National Bank
Bradford National Bank
Online Banking Login
Login to Bradford National Bank Online Banking
Sign-up for Online Banking
Sign-up for BNB Online Center
Sign-up for BNB Online Center
Personal Banking Services
CDs and CDARS
CDs
You can invest in Certificates of Deposit(CDs) at Bradford National Bank. You can select the term you want based on the interest rate it pays. A minimum deposit of $1,000 is required and certain restrictions may apply.
Certificate of Deposit (CD) Rates
Bonus Rates Available on the 7 month, 15 month, or 26 month term to customers with a new or existing checking account at Bradford National Bank. $1,000 minimum to open and to earn interest. Bonus certificate interest is paid or compounded semiannually. However on deposits over $5,000.00, quarterly payment or compounding is available on request. On deposits over $10,000.00, monthly payment or compounding is available. On single maturity certificates, the interest stops at maturity. Ask your customer service representative about these rates. Rates, terms, and Annual Percentage Yield (APY) is noted below.
Rate
Annual Percentage Yield
Monthly
Annual Percentage Yield
Quarterly
Semi
Annual
Length
Min.
Deposit
.25%
.25%
.25%
--
3 Months

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

 

$1,000

.30%
.30%
.30%
.30%
6 Months
.30%
.30%
.30%
.30%
7 Months
.35%
Bonus Rate
.35%
Bonus Rate
.35%
Bonus Rate
.35%
Bonus Rate
7 Months
Bonus Rate
.35%
.35%
.35%
.35%
9 Months
.40%
.40%
.40%
.40%
12 Months
.40%
.40%
.40%
.40%
15 Months
.45%
Bonus Rate
.45%
Bonus Rate
.45%
Bonus Rate
.45%
Bonus Rate
15 Months
Bonus Rate
.45%
.45%
.45%
.45%
18 Months
.55%
.55%
.55%
.55%
24 Months
.60%
.60%
.60%
.60%
26 Months
.65%
Bonus Rate
.65%
Bonus Rate
.65%
Bonus Rate
.65%
Bonus Rate
26 Months
Bonus Rate
.65%
.65%
.65%
.65%
30 Months
.85%
.85%
.85%
.85%
36 Months
1.00%
1.00%
1.00%
1.00%
48 Months
1.20%
1.20%
1.20%
1.20%
60 Months
FOR INFORMATIONAL PURPOSES ONLY. | Rates subject to change without notice.
Rate Hotline: (618) 664-8888

HIGHER THAN THE MINIMUM LISTED DEPOSIT AMOUNT MAY BE REQUIRED FOR SHORTER COMPOUNDING PERIODS.

Certificate Information
A PENALTY MAY BE IMPOSED FOR EARLY WITHDRAWAL

Certificate interest is paid or compounded semiannually. However on deposits over $5,000.00, quarterly payment or compounding is available on request. On deposits over $10,000.00, monthly payment or compounding is available. On single maturity certificates, the interest stops at maturity. Automatically renewable certificates have a 10 day grace period after maturity. If not cashed, the new certificate rate will become the renewed rate. When a certificate is cashed prior to the maturity date, the interest will be paid to the date it is cashed and the customer must refund three months interest for 3 month CD, six months interest for 6-36 month CD, and 12 months interest for 48-60 month CD.

Fees, if applicable, could reduce the earnings on the account.

CDARs

How does CDARs work?
Everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS Network. Then, those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection. By working directly with just one bank - our bank - you receive insurance through many banks, allowing customers to manage all their funds through one portfolio at Bradford National Bank. Customers benefit from the ease of working with only one institution and receiving only one regular statement.

How CDARS Can Work For You At Bradford National Bank
  • FDIC Insurance. Using the CDARS service, you can access multi- million-dollar FDIC protection on CD investments.[1]
  • One Bank. You work directly with Bradford National Bank – the bank you know and trust – to make large deposits eligible for FDIC coverage.
  • One Rate. You earn one interest rate per maturity on your CD investments through CDARS. With CDARS, there is no need to negotiate multiple rates or manually tally disbursements for each CD.
  • One Statement. You receive one regular statement detailing your CD investments. You no longer need to consolidate statements at the end of each month, quarter, or year.
  • No Fees. You pay no hidden fees of any kind. We do not charge annual fees, subscriptions fees, or transaction fees for using the CDARS service; the rate you see is the rate you get.
  • No Collateralization. Because CDARS deposits are eligible for multi-millionFDIC protection, eliminate the time-consuming task of tracking collateral values on an ongoing basis.
  • A Wide Variety of Maturities. You can select from various maturities – ranging from 4 weeks to 5 years (260 weeks) – and choose the terms that best suit your investment needs. You also can ladder your CDs or combine maturities to effectively create a customized term.
  • Community Investment. Your funds can support lending initiatives, including special development projects that strengthen the local community.[2]

To learn more, contact Randy Alderman. Sign up today and enjoy the peace of mind associated with access to multi-million-dollar FDIC insurance coverage, along with the time-saving conveniences and other advantages of the CDARS service.

Depositors with more than the standard FDIC insurance maximum of $250,000, no longer have to go to different banks to be covered by Federal deposit insurance.

With the Certificate of Deposit Account Registry Service or CDARS – Bradford National Bank can provide a customer access to multi-million dollar FDIC insurance on CD investments.

[1] Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us.

[2] When funds are exchanged on a dollar-for-dollar basis with other banks in the network, we can use the full amount of deposits placed through CDARS for local lending, which may satisfy some depositors’ local investment goals/mandates. Alternatively, with a depositor’s consent, we may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.

CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC

Bradford National Bank is not responsible for content on links that lead you away from our website.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
Click Here for more information about our new online services
Bradford National Bank : A Real Community Bank