The bank -- known for customer convenience and offering extended full-service banking hours -- serves Florida's mass-market as a leader in value-based banking including high value/no minimum balance checking and savings accounts, no closing cost home equity loans and mortgages, savings clubs, and a stock market indexed CD
This year celebrating 60 years of banking in Florida, the bank offers savings clubs, no- monthly service charge/no minimum balance checking accounts, a stock- market indexed CD
, no closing cost home mortgages, and no closing cost home equity lines to America's fastest growing population segment -- moderate income families, singles, and retired individuals.
The bank offers savings clubs, no-monthly service charge/no minimum balance checking accounts, a stock- market indexed CD
, no closing cost home mortgages, and no-closing cost home equity lines to America's fastest growing segment of the population -- moderate income families, singles, and retired individuals.
The Bonus Advantage deposit products join a number of the bank's other recently announced products designed to meet the varying financial needs of our customers in the communities that Glendale Federal serves, such as the Market Indexed CD
, free checking, and a family of low-rate fixed/adjustable loans.
Glendale Federal Bank's Bonus Advantage CD follows a number of announcements made recently, including the Market Indexed CD
, free checking and a family of low-rate fixed/adjustable rate loans designed to build comprehensive, long-term, financial services relationships with customers in the communities that Glendale Federal serves.
In today's interest rate environment, many people will find our Market Indexed CD very attractive," said Stephen J.
The minimum deposit for the Market Indexed CD is $25,000.
The Market Indexed CD is an ideal vehicle for investors seeking returns based on the performance of the stock market, as well as protection from the risk of a market decline.
Like other certificates of deposit, the Market Indexed CD is subject to substantial penalties for early withdrawal.
Because the interest rate is tied to a stock market index, such as the Standard & Poor's 500 Index, stock market indexed CDs may offer higher gains than standard CDs with predetermined interest.
Stock market indexed CDs use some type of average to determine the return.
The TWINs are market indexed CDs
which have a potential upside return based on the appreciation of the Standard & Poor's 500 Composite Stock Price Index(R) and guarantee a 100% return of principal if held to their maturity of five years.