Frequently Asked Questions
Search below, or browse our entire inventory of frequently asked questions. If you have a question we haven’t answered here, don’t hesitate to contact us.
FAQs
How do I deposit additional funds into my 24-Month Investment CD?
One way to deposit funds into your 24-Month Investment CD is to open a Bank5 Connect Checking or Savings account. Through our Online Banking platform, you can transfer money into your Bank5 Connect Checking or Savings account from other banks, and you can then transfer money from your Bank5 Connect Checking or Savings account to your Investment CD via Online Banking or Mobile Banking. Another option is to initiate the transfer at another bank.
Can I make additional deposits to my CD after I open it?
It depends. If you open a 24-Month Investment CD with us, you can make additional deposits during the term of the CD. This is an “add-on” CD, and you can make unlimited deposits into the account whenever you’d like. If you open one of our other CDs however, you will not be able to make deposits after the account is opened, until the CD matures. Once the CD matures, you will have the option to withdraw your funds, or roll your deposit over into a new term. If you choose to roll your deposit over into a new term, you will have the option to add additional funds at that time.
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