Find the latest Limelight Bank CD Rates, Offers, and Promotions here.
Best CD Rates: 4.75% APY, 12-Month CD, 4.65% APY, 18-Month CD, $1K minimum
Availability: Nationwide, internet bank
Credit Pull: Unknown
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About Limelight Bank
Established in 2017, Limelight Bank is an internet-only bank launched by Capital Community Bank (CCBank). Being online-only, Limelight Bank is able to provide better rates than accounts serviced by traditional banking setups.
Limelight Bank offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you.
| Term | APY Rate | Minimum Deposit |
| 6-Month | 3.50% | $1,000 |
| 12-Month | 4.75% | $1,000 |
| 18-Month | 4.65% | $1,000 |
| 36-Month | 4.00% | $1,000 |
*The above rates are accurate as of 1/18/2023*
Limelight Bank CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make.
With as little as $1,000, you can invest in a Limelight Bank CD account to maximize your earnings. Compare their offering now to find the solutions that fit best with your savings goals. If you’re interested in making a higher rate than a traditional savings account then make sure to check out below CD rates.
- Minimum deposit: $1,000
- Maximum deposit: $500,000
- Early withdrawal penalty: 90 days interest on the amount withdrawn
(FDIC Insured)
| Compare to the best CDs such as Sallie Mae Bank 27-Month CD (5.00% APY), Sallie Mae Bank 23-Month CD (4.85% APY), CIT Bank 18-Month CD (4.60% APY), Blue Federal Credit Union 15-Month CD (4.80% APY), Quontic Bank 60-Month CD (4.45% APY), Sallie Mae 14-Month No-Penalty CD (4.40% APY), and CIT Bank 11-Month No-Penalty CD (4.10% APY). |
Important Details for Limelight Bank
- You can fund your CDs with an electronic funds transfer via ACH from another bank, by wire transfer or by check.
- There is an early withdrawal penalty for all three terms. The amount equal to 90 days of interest on the amount withdrawn.
- Partial withdrawals are allowed.
- When receiving funds from the CD, you can request to have the funds transferred by ACH to the account that was used to fund the CD. A wire transfer is another option, and there’s no wire transfer fee if the withdrawal is done at maturity. If the withdrawal is done before maturity, a $15 wire transfer fee will be charged.
- Grace period at maturity is 10 business days. The CDs will automatically renew to the same term, unless you request something different.
- You can choose to have the interest added back into the CD, or have it paid out on a monthly basis. This option must be requested after you apply. Bank account and routing information for monthly ACH transfers of the interest must be provided to Limelight Bank.
- Multiple beneficiaries can be designated. Social security numbers of the beneficiaries are not required.
- Accounts cannot be in the name of a trust, but a beneficiary can be a trust.
Limelight Bank CD Features
- Low minimum balance requirement
- Competitive rates on all CD terms
- Free online and mobile banking
- Insured by the FDIC up to the maximum allowed by law
Bottom Line
With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Take advantage of a low required minimum balance of just $1,000.
This is ideal for accounts like Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
*While Limelight Bank does have competitive rates with their launch, their product line is limited. I recommend to take a look at Discover Bank Promotions here.
This is a great opportunity to invest in a high-interest CD from Limelight Bank. However, you may want to compare them with our best CD Rates:
- 6-Month CD Rates
- 9-Month CD Rates
- 12-Month CD Rates
- 18-Month CD Rates
- 24-Month CD Rates
- 36-Month CD Rates
- 48-Month CD Rates
- 60-Month CD Rates
You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest Limelight Bank CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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