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What People Are Saying
CDs are a safe, stable savings option that allows you to build a predicable investment return to achieve longer term goals. With convenient online account opening in less than 3 minutes and the personal attention you'd expect from a local bank, starting to save couldn't be easier.
Certificates of Deposit (CDs)
I am thankful and appreciative of the continued excellent customer service I receive from Byline. Every time I have a request or question, my banker Sam not only listens, but also immediately takes care of the issue. I’m also extremely appreciative of the fact he knows his customers by name. It truly gives me a sense that not only is my business important, but I’m important as well.
Elizabeth K.
Skokie Area Resident
I am always treated with respect and kindness. Even during this tumultuous time, our transactions were retuned with notes to “be safe” or “hi, we miss you.” We feel like the staff is a part of our extended family.
Pat P.
Garfield Ridge Area Resident
Byline’s 8-month Promo CD offers security and savings with competitive rates.
8-Month Promo CD.
Safe and secure.
We're committed to your security.
Byline will NEVER call, email or contact you to request confidential information, including: your Social Security or account numbers; your online banking information, your user ID or password. Never.
When linked to a Byline Bank checking account, you can select a Byline Bank Debit Mastercard® that provides fee-free* access to your money at more than 55,000 Byline Bank and Allpoint® ATMs nationwide. You'll also be able to control when, where and how your card can be used with Card Controls in Byline's mobile app and make digital payments from a mobile wallet.
Add checking foreven more convenience
Byline will NEVER call, email or contact you to request confidential information, including: your Social Security or account numbers; your online banking information, or your user ID or password. Never.
We're committed to your security.
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Certificates of Deposit (CDs)
What People Are Saying
Disclaimers
- 0.15% Annual Percentage Yield (APY)
- 0.149% Interest Rate
- $5,000 minimum deposit to open
- $5,000 minimum balance for APY
Rates and Interest
Rates and annual percentage yield (APY) are subject to change without notice. The annual percentage yield assumes that interest remains on deposit until maturity. An early withdrawal will reduce earnings. You must maintain the minimum balance to earn the annual percentage yield. All available Certificates of Deposit (CDs) may be opened as an Individual Retirement Account (IRA). The stated interest rate is fixed for the term of the Certificate and will be paid until maturity. Interest may be paid by check or transfer to another account, at your option. You will forfeit any accrued interest that has not yet been credited to your accountif the account is closed prematurely. We use the daily balance method to calculate the interest on this account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit any noncash item (for example, checks).
Deposits
Deposits are accepted to all CDs during the grace period.
Withdrawals
You may not withdraw any principal from this Certificate before maturity without our consent, which may be withheld; if we permit such a withdrawal, you may have to pay a penalty as follows: A) Where the original maturity of the account is one year or less, the penalty will be forfeiture of 90 days interest on the amount withdrawn, at the nominal (simple interest) rate in effect during the term. B) Where the original maturity of the account is more than one year, the penalty will be forfeiture of 180 days interest on the amount withdrawn at the nominal (simple interest) rate in effect during the term. C) If the withdrawal is within 6 days after the date of first deposit, a minimum of 7 days of interest will be charged as a penalty. You must withdraw funds within the grace period to avoid being charged a penalty. Fees could reduce the earnings on the account.
IRA Exceptions
Early withdrawal penalty exception for IRA CDs are as follows: Customers age 72 or better may withdraw from any IRA CD at any time without penalty. Customers age 59 ½ or better may withdraw from the IRA 18 month CD with no penalty at any time as long as the withdrawal qualifies as a normal distribution.
Renewal
Unless you notify us in writing 30 days before the maturity date, or within the grace period, Certificates of Deposit will automatically renew on the maturity date. The grace period is ten (10) calendar days for CDs with a term greater than 31 days and is three (3) calendar days for CDs with a term 31 days or less. We can prevent automatic renewal if we notify you in writing on or before the maturity date that we do not intend to renew this account. Promotional Certificates of Deposit may renew into a different term. If you close your CD during the grace period, no accrued interest will be paid after the maturity date. We send you a PreRenewal notice prior to renewal. Please read it carefully. We may change the type, term or other feature of your bank CD by giving you notice. If we make a change, we tell you about the change in the Reinvestment notice. See account disclosure for terms and conditions.