1$1,000 minimum opening deposit per CD and up to a maximum of $100,000 collectively per household. Interest rates and APYs (Annual Percentage Yield) are effective as of 2/9/18 and may change daily at Macatawa Bank's discretion. A penalty may be imposed for early withdrawal of principal for Certificates of Deposit. Personal use only.
2Single withdrawal of entire balance allowed without penalty after the first 6 days of funding your CD. Easy Exit CDs will be assessed 7 days interest penalty if withdrawn within the first 6 days of opening according to Federal Regulation D.
3To exercise the Bump-Up rate increase, the customer must make a one-time request to adjust their interest rate; up to 1.00% at any time during the initial term of the CD. Bump-Up interest rate increase is not retroactive; it will be paid only for the remaining term of the CD.