Institutional CDs
Institutional CDs are available to Money Managers who are approved by VirtualBank. Click
here to apply to become a VirtualBank Money Manager. Existing VirtualBank Money Managers can apply for new Institutional CDs by selecting the Apply Now button.
These rates and Annual Percentage Yields apply to our Institutional CD account.
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1 Month
|
0.10%
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0.10%
|
$10,000
|
Apply Now
|
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2 Month
|
0.15%
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0.15%
|
$10,000
|
Apply Now
|
|
3 Month
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0.20%
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0.20%
|
$10,000
|
Apply Now
|
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6 Month
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0.40%
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0.40%
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$10,000
|
Apply Now
|
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9 Month
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0.40%
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0.40%
|
$10,000
|
Apply Now
|
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12 Month
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0.60%
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0.60%
|
$10,000
|
Apply Now
|
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18 Month
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0.65%
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0.65%
|
$10,000
|
Apply Now
|
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2 Year
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0.95%
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0.95%
|
$10,000
|
Apply Now
|
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3 Year
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1.10%
|
1.11%
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$10,000
|
Apply Now
|
|
4 Year
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1.35%
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1.36%
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$10,000
|
Apply Now
|
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5 Year
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1.60%
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1.61%
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$10,000
|
Apply Now
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* Annual Percentage Yield (APY) is offered as of
3/21/2010 9:34:02 AM
EST. Penalty may be imposed for early withdrawal of CDs. Interest is compounded daily and credited monthly. Fees may reduce earnings. Rates and offers subject to change without notice.
You will be required to provide your institutions program for compliance with the Bank Secrecy Act. Your program should include a system of internal controls for detection and prevention of money-laundering and other illegal activities, compliance with regulations and requirements of the Office of Foreign Asset Control and compliance with the Customer Identification Program (CIP) requirements as amended by the USA Patriot Act.
Please fax your institution’s programs for compliance with BSA/AML laws to 561-776-6378.