Certificate of Deposit
While you are reading this, your money could be growing.
Ask an MVB Team Member about opening an 13 Month CD account.
Why Certificate of Deposit
Certificates of deposit offer our best interest rates in exchange for leaving your funds untouched for the length of your term.
Benefits of Certificate of Deposit
Rate is locked in and guaranteed for the length of your term
Terms available between 6 months and 60 months
Interest is compounded quarterly and deposited quarterly
Access to MVB’s online and mobile banking platform
Complimentary personal financial management through Digital Banking
Pricing of Certificate of Deposit
$1,000 minimum opening deposit
May be a penalty for early withdrawal
* Annual Percentage Yield (APY) current as of 09/01/23. Minimum balance of $1,000.00 is required to obtain the advertised APY. Maximum deposit for the CD is $220,000. CD Special Interest rates apply only to the initial CD term. Accounts must be opened in person at an MVB Bank location in West Virginia or Northern Virginia. At maturity the 13-month CD will automatically renew at a 12 month CD term and the “Automatic CD Renewal Rate” in effect at time of renewal. Fees could reduce earnings on the account. No Brokered CDs. A penalty may be imposed for early withdrawal. The advertised APY is based on quarterly compounding of the interest. Promotion valid starting 09/01/23 and ends 09/31/23.
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