Digital Market
Effective Date: 05/01/2024
Certificates of Deposit / IRA CDs
Minimum CD opening deposit and balance to obtain the annual percentage yield (APY) is $1,000. Fees may reduce earnings on the account. A penalty will be imposed for early withdrawal. CDs will automatically renew for the same term unless otherwise noted. There is a ten-calendar day grace period after maturity to withdraw funds without penalty. Rates are subject to change without notice.
Interest is paid at maturity for CDs with a term less than 12 months. Terms equal to 12 months or greater, interest is compounded quarterly. Credited interest may be withdrawn at any time without penalty and transferred to a Busey checking or savings account quarterly, semi-annually, or annually.
Interest is paid at maturity for CDs with a term less than 12 months. Terms equal to 12 months or greater, interest is compounded quarterly. Credited interest may be withdrawn at any time without penalty and transferred to a Busey checking or savings account quarterly, semi-annually, or annually.
Early Withdrawal Penalty:
You have 15 calendar days to deposit funds into the certificate. If the funds are not received by the 15th calendar day, the certificate will be closed.
If you fund your account with an electronic transfer from another financial institution, your funds will be unavailable for early withdrawal or redemption for 60 days. Standard penalties and fees apply.
If the term of the CD is 12 months or less, the early withdrawal penalty is 6 months of interest, but not more than the total amount of interest earned during the current term of the CD
If the term of the CD is greater than 12 months, the early withdrawal penalty is 12 months of interest, but not more than the total amount of interest earned during the current term of the CD
Transferring of interest and partial withdrawals requested outside of the grace period may not be allowed.
Premium Savings Account
All rates and Annual Percentage Yields (APYs) are accurate as of the effective date and are subject to change without notice. Rates may change after the account is opened. Minimum deposit to open the account is $25,000 in new funds or from a Busey Bank matured CD. New funds must originate from a financial institution other than Busey Bank. This is a tiered rate account, minimum balance of $25,000 is required to obtain the premium APY offered. Offer applies to personal accounts only and to those who reside in Illinois, Missouri, Florida or Indiana. Fees may reduce earnings. No fee for electronic statements; or $4.00 paper statement fee is charged per statement cycle. Ask your local Busey Bank associate for details, terms and current rates.
Savings Accounts
All rates and Annual Percentage Yields (APYs) are accurate as of the effective date and are subject to change without notice. Fees may reduce earnings on the account. No minimum balance required to earn APY. The rate may change after the account is opened.
Cornerstone Savings Account
(Active Pillar Banking required)All rates and Annual Percentage Yields (APYs) are accurate as of the effective date and are subject to change without notice. Fees may reduce earnings on the account. The rate may change after the account is opened.