DCB Diamond Club CDs
Your cash under your control.
Diamond Club CDs make saving and growing your cash a straightforward matter. This is possible because a Diamond Club CD is a term deposit account that offers a higher interest rate than a regular savings account. You must be 55+ years of age to qualify for this account.
DIAMOND CLUB CERTIFICATES OF DEPOSIT OFFER:
- Select terms from 30 days to 24 months
- A low minimum opening balance of $500
- Stable returns on your account
- FDIC insurance1
- 10 day grace period before automatic renewal
- Fee-free account maintenance
- 24-hour automated telephone banking at (760) 243-2140
SERVICE FEE:
No monthly service fee
You may also be interested in:
Please see the Complete Disclosure Guide for additional details.
CONDITIONS FOR ALL CERTIFICATES OF DEPOSIT:
If you decide to withdraw a portion or all of your deposit before the end of the term, certain penalties will apply.
All Desert Community Bank CDs are FDIC insured.
Minimum opening balance is $500.
Account fees could reduce earnings.
Not available for public units.
Minimum balance to obtain the APY is $500
TRANSACTION LIMITATIONS:
You may not make any additional deposits into your account before the CD matures.
You may make withdrawals of principal from your account, with penalty and before maturity, only if we agree at the time you request the withdrawal.
You may withdraw interest any time during the term after the interest is credited to your account.
A PENALTY MAY BE IMPOSED ON AMOUNTS WITHDRAWN BEFORE MATURITY. IF THE CERTIFICATE OF DEPOSIT HAS A TERM OF:
7 to 29 days — The penalty we impose will be 7 days of interest, whether earned or unearned.
30 to 179 days — The penalty we impose will be 30 days of interest, whether the interest is earned or unearned.
180 to 364 days — The penalty we impose will be 90 days of interest, whether the interest is earned or unearned.
12 to 35 months — The penalty we impose will be 180 days of interest, whether the interest is earned or unearned.
36 months or more — The penalty we impose will be 365 days of interest, whether the interest is earned or unearned.
If your Certificate of Deposit is automatically renewable, we can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity. The interest rate will be the same as the rate that we offer on new Certificates of Deposit on the maturity date, which have the same term, minimum balance (if any) and other features as the original Certificate of Deposit.
Please see the Complete Disclosure Guide for additional details.
1FDIC insurance is up to the amount permitted by law.