Pushdown Message Header

Pushdown Message: Not defined

You are leaving CreditOneBank.com

If you click the 'Continue' button, you will be directed to a third-party website unaffiliated with Credit One Bank, which may offer a different privacy policy and level of security. Credit One Bank is not responsible or liable for, and does not endorse or guarantee, any products, services, information or recommendations that are offered or expressed on other websites.

Click the 'Return to CreditOneBank.com' button to return to the previous page or click 'Continue' to proceed to the third-party website.

Continue
logo

High Yield CDs | Jumbo Certificate of Deposits (CD)

General ( 10 )

  1. Are my deposits with Credit One Bank FDIC insured?

    Yes. Credit One Bank is an FDIC member, FDIC Certificate Number 25620, meaning funds deposited with Credit One Bank are insured up to the maximum allowed by law. Generally, the FDIC insures deposits held at the same financial institution according to the account’s ownership category of up to $250,000 for all individually owned accounts combined, $250,000 per owner in jointly-owned accounts combined, and up to $250,000 per beneficiary on revocable trust (Payable on Death) type accounts. The FDIC insures deposits according to ownership category with current maximums.
  2. How can I maximize FDIC insurance coverage on my accounts?

    Maximize your FDIC insurance coverage by opening a combination of accounts. For example, in the scenario below, the family may be eligible for $1,500,000 in FDIC insurance coverage with Credit One Bank:

    • Single Account: Spouse 1 and Spouse 2 each have single-name deposit accounts containing $250,000. Total: $500,000.
    • Joint Account Spouse 1 and Spouse 2 have a joint deposit account containing $500,000. (Funds in joint accounts are separately insured from single accounts, up to $250,000 per owner.) Total: $500,000.
    • Revocable Trust: Spouse 1 and Spouse 2 each have additional revocable trust accounts containing $250,000 that names 2 unique beneficiaries. Total: $500,000.

    Combined total value of FDIC insurance coverage: $1,500,000.

    To learn more about how you can maximize your deposit insurance coverage, visit FDIC.gov/deposit/covered/categories.html.

  3. What does APY stand for and what does it mean?

    APY stands for Annual Percentage Yield and represents the total amount of interest earned on a deposit account over a one-year period, based upon frequency of compounding for a 365-day period.
  4. How do I add or change a beneficiary?

    After you have created your online profile, select ‘Details & Settings’ and then choose 'Beneficiary Settings' to add or make changes to your beneficiaries and allocations.
  5. What types of account ownership do you offer?

    Jumbo Certificate of Deposit accounts can be held in single or joint ownership, payable on death (POD).
  6. When will I receive my 1099-INT tax forms?

    Your 1099-INT form for any calendar year will be available online at Deposits.CreditOneBank.com by January 31 of the following year.
  7. Do you offer trust accounts?

    We do not offer the ability to name a trust as the primary owner of an account; however, you may add a trust as a beneficiary.  This can be done easily and quickly after your account is open and funded, online or with our mobile app.
  8. What is your mailing address for deposit related correspondence?

    Correspondence related to your deposit account can be mailed to the following address:

    ATTN: Deposits
    Credit One Bank
    P.O. Box 98873
    Las Vegas, NV 89193-8873

  9. Do you offer business accounts?

    No, we do not offer business accounts at this time.
  10. Do you offer Individual Retirement Accounts (IRAs)?

    No, we do not offer IRAs at this time.

Jumbo Certificate of Deposit (CD) Accounts ( 13 )

  1. What certificate of deposit products does Credit One Bank offer?

    Credit One Bank offers FDIC-insured, Jumbo Certificate of Deposit accounts. Visit CreditOneBank.com/CD for more information.
  2. Where can I view and manage my Jumbo Certificate of Deposit accounts?

    Sign in at Deposits.CreditOneBank.com to view and manage your Jumbo Certificate of Deposit accounts.
  3. What is the minimum deposit required to open a Jumbo Certificate of Deposit account?

    To provide our customers with the best possible experience and offer some of the highest rates of return in the market, all Jumbo Certificate of Deposit accounts must be opened with a minimum of $100,000.
  4. What if interest rates go up after I open my Jumbo Certificate of Deposit?

    If our rates for your selected Jumbo Certificate of Deposit's term increases within 10 calendar days of your account opening date (account opening date plus 9 calendar days), you will automatically receive the higher rate thanks to our 10-Day Rate Guarantee.
  5. What are my options when my Jumbo Certificate of Deposit reaches maturity?

    Your account defaults to auto-renewal at maturity, but you have the option of logging into your account online and selecting your maturity preferences in advance of yourJumbo Certificate of Deposit (CD) maturing. We also provide a 10-day grace period starting at your CD maturity date in which you may renew your CD, move your funds into a new CD with a different term, add funds, or close and withdraw your funds.

    If your CD does not have an auto-renewal option selected, the account will close on maturity. 

  6. How do I fund a Jumbo Certificate of Deposit?

    A Jumbo Ccertificate of Ddeposit can only be funded through an ACH transfer of funds from a linked external bank account.
  7. How is interest calculated on a Jumbo Certificate of Deposit?

    Interest is compounded daily and credited monthly. Interest is calculated using the daily balance method.
  8. Can I elect to have my interest sent to another account?

    Yes. By default, credited interest is added to the Jumbo Certificate of Deposit's balance each month, which creates a compounding effect that will help your savings grow faster; however, you can choose to have monthly interest distributed to a linked external bank account. Note, interest cannot be distributed via check.
  9. Are there any fees to open and maintain a Jumbo Certificate of Deposit?

    There are no fees to open or maintain a Jumbo Certificate of Deposit account.
  10. What is the penalty for early withdrawal from my Jumbo Certificate of Deposit?

    The penalty for early withdrawal from a Jumbo Certificate of Deposit (CD) varies by term length:

    • CD Term 1-12 months = Early Withdrawal Penalty of 90 days simple interest
    • CD Term 13-60 months = Early Withdrawal Penalty of 180 days simple interest
    • CD Term 61+ months = Early Withdrawal Penalty of 365 days simple interest
  11. Can I create a Jumbo Certificate of Deposit ladder?

    Yes. To build a Jumbo Certificate of Deposit (CD) ladder, open a combination of certificates of deposit with varying terms of maturity. Each CD must have a minimum balance of $100,000.
  12. How does a Jumbo Certificate of Deposit ladder work?

    A Jumbo Certificate of Deposit (CD) ladders enables you to take advantage of the highest interest rates while maintaining access to your funds more frequently than with a single CD. If you open five CDs with terms of one, two, three, four, and five years, each year one CD will mature and can be transferred into a new five-year CD. After four years, you would have five five-year CDs helping you maximize the interest you earn on your savings and providing you the flexibility of funds becoming available every year.
  13. What is a Loyalty Rate increase and how does it work?

    With our Loyalty Rate Program, when you renew your Jumbo Certificate of Deposit (CD), you will automatically receive a Loyalty Rate increase.  The Loyalty Rate increase is an additional amount of interest that will be added to our then current interest rate for the term of the CD that you are renewing into. The Loyalty Rate increase is subject to change and may be discontinued at any time. When your CD is approaching maturity, visit our website to see what our current Loyalty Rate increase amount is at that time.

How To Open An Account

1

Create Your Online Profile

Signing up is quick and simple

2

Provide Your Information

We only need a few key pieces of information

3

Fund Your Account

Transfer from another bank account

Need Assistance?

Our U.S.-based Senior Account Specialists focus solely on jumbo deposit products and are available 7 a.m. - 5 p.m. Mon-Fri Pacific.

1-877-628-1610