What are the term options for a CD ladder?

We offer two CD ladders: A 4-month CD ladder made up initially of 1-, 2-, 3- and 4-month term CDs, and a 12-month CD ladder made up initially of 3-, 6-, 9- and 12-month term CDs. Each CD in the ladder receives its own unique account number and CD receipt at account opening.

Who can open a CD ladder?

CD ladders can be opened by clients with a linked Chase Private Client Checkingâ„ account. Open a CD ladder at any branch. All 4 CDs in a ladder are opened at the same time, for the same amount, with a minimum of $1,000 in each CD.

Will each CD in a ladder renew automatically?

Each CD will automatically renew to the longest term of the ladder (either 4 or 12 months). You'll be reminded of the new term on your CD Maturity Notice, which you'll receive as each CD in the ladder reaches maturity.

Can I add or withdraw money once the CD in a ladder matures?

You may add or withdraw money in a CD during the grace period following each CDâ€™s maturity date.

How do interest rates work for CD ladders?

Interest rates vary based on the account balance at opening or renewal. See the CD ladder section of the Deposit Rate Sheet for the specific interest rate for each CD term in a ladder.

Can I change a standard CD to a CD ladder?

A standard CD cannot be changed to a CD ladder. However, once your CD matures you can choose to withdraw funds from your standard CD and open a CD ladder as a group of 4 CDs.