Tioga State Bank is currently promoting its CD Laddering Package, which includes a 12 Month Ladder CD/IRA at 2.00%APY.
To open and obtain the stated APY, the bank requires a minimum deposit of $5,000 per Ladder Certificate of Deposit/IRA.
The bank has set certain requirements in order for one to be eligible in the CD Laddering Package. In order to be eligible, interested customers must open at least three Ladder CDs/IRAs, each at a different term. Also, the maximum per customer is only up to $500,000.
Other terms are:
- 24 month Ladder CD/IRA – 2.45%APY
- 36 month Ladder CD/IRA – 3.00%APY
- 48 month Ladder CD/IRA – 3.20%APY
- 60 month Ladder CD/IRA – 3.45%APY
Tioga State Bank’s deposits are covered by FDIC insurance up to $250,000.