Open a new eligible CD between November 26, 2019 and
December 31, 2019 to qualify for a cash bonus.

New CD Term, CD Balance & Cash Bonus Amount

CD Term CD Opening Balance CD Bonus Amount
180 Days
or longer
$10,000 or more $20.20
12 Months
or longer
$50,000 to $499,999 $202.00
12 Months
or longer
$500,000 or more $2,020.00
*Qualification Terms and Conditions:

1. Promotion is available for eligible Velo CDs opened November 26, 2019 through December 31, 2019.

2. Cash bonus eligibility is limited to the first eligible Velo CD opened by a customer during the promotional period that meets the promotion term and opening balance requirements and maintains its opening balance for the full CD term.

3. Cash bonus will be credited to the CD customer’s Velo checking account within 7 business days after the maturity date of the eligible Velo CD.  The cash bonus will be forfeited if customer does not have an open Velo checking account at the time the cash bonus is paid. 

4. Offer is limited to one cash bonus per qualifying customer, and is subject to change and discontinuance at any time without notice.

Velo CD Annual Percentage Yields (APY) may vary based on term and opening balance. For example, with a $10,000 opening balance a 180 Day CD earns an APY of 0.20%, while a 12 month CD earns an APY of 0.25%. APY information current as of 11/26/2019. Early withdrawal penalties may apply. Fees may reduce your earnings. Please refer to the additional disclosures received at account opening for complete terms, fees and conditions.

Additional Disclosure:

The APYs shown apply to  the Velo Certificate of Deposit product and are effective as of 11/26/2019.

The APY assumes that interest remains in the account until maturity.

Early withdrawals are subject to penalty.

Please refer to the additional disclosures received at account opening for Complete terms, fees and conditions.

Learn more about how Certificate of Deposit (CD) works.
Download the Velo App now to open CD.