12 Month Step-Up CD
A Certificate of Deposit from Lubbock National Bank offers interest earning power, with the added benefits of liquidity and safety. Our 12 Month Step Up CD allows you to "step up" the rate to what our current LNB rate is at that time.
- $1,000.00 minimum to open the 12 month Step Up CD.
- There are no penalties or fees associated at the time of step up.
- Term remains the same throughout the term regardless of the rate step up.
- Additional deposits may be made to this CD at any time during the term of the certificate. The minimum deposit amount is $500.00.
Contact a New Accounts Representative for additional information.
The interest rate and annual percentage yield will not change for the term of the account. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited monthly on the current balance. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
The minimum balance required to obtain the stated APY is $1.00. This account will automatically renew after a 10-day grace period.