
Note: From 8 May 2021, servicing for all Simple Accounts will be transitioned to BBVA USA. CDs maturing before the transition will have their funds deposited into your Simple Account as usual while CDs maturing after the transition will be closed and given the full amount of interest you would have earned if the CD had matured
Last updated on 2021-05-22
Low min. deposit
Flexibility to withdraw without penalty
Convenient online banking
Requirement to open simple checking account before opening a no-penalty account
No physical branches
$250 & Above | |
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12 months | 0.40% APY |
Receive 0.40% APY for 12 months Simple Bank No-Penalty CDs
Applicable to minimum opening deposit of US$250
Up to maximum of five CDs with combined balances of up to $250,000
Open a Simple Bank Checking Account in order to open a Simple Bank No-Penalty CD
Bank and budget under one roof with the easy budgeting tools built into your Simple Checking Account
Withdraw your full balance and any interest that’s been credited anytimewith no penalty or fees (Just be aware that you won’t be able to withdraw your money for seven days after opening your CD)
Click here to go to Simple Bank website for more details
Simple Bank is a partner of BBVA USA Bank and is a direct online bank with no physical branches. Online banking is available via app or website for all customers.
Simple Bank can be contacted via mail or phone support at (888) 248-0632
BBVA USA Bank (and its partner including Simple Bank) is a member of FDIC which covers the aggregated deposits of a depositor to up to US$250,000