CD’s with terms of 2 years or greater are convertible at half term without penalty.
Example: Open a 2 year CD on 8/4/2022, the half term date is 8/4/2023 when you have the option to cash in without penalty, change terms without penalty, or leave as is (10 day grace period applies).
*Rate based on compounding interest & auto deposit plans.
**APY means Annual Percentage Yield and assumes interest will remain on deposit until maturity. Withdrawals will reduce earnings.