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Higher Interest Rates Can be a Big Win For Consumers, as Pibank Launches Top-of-Market 12-Month CD, Offering Customers 4.35% APY

New CD is open to both new and existing customers, with no minimum balance required and monthly interest deposited directly into a linked Pibank Savings account

CORAL GABLES, Fla.--(BUSINESS WIRE)--Pibank has introduced the Pibank CD, a new 12-month certificate of deposit offering customers a top-of-market 4.35% APY. The new CD complements Pibank’s successful high-yield savings account, providing customers with another competitive way to grow their savings.

The Pibank CD reflects our ongoing commitment to offering products that help our customers make the most of their savings

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Since its launch, the Pibank CD has already attracted hundreds of accounts, as both new and existing customers look to lock in one of the most competitive 12-month CD rates on the market.

The Pibank CD is designed to be simple and accessible and is available to both new and existing customers.

Key features include:

  • 4.35% APY
  • 12-month term
  • No minimum balance required to earn the stated APY
  • Monthly interest deposited into a linked Pibank Savings account, allowing customers to earn interest on their CD earnings

“We’re proud to offer another extremely appealing product to our customers,” says Daniel Barake, Executive Vice President Retail Banking - Pibank USA. “In just a short time since launch, we’ve already seen strong adoption from both new and existing customers, which reflects the demand for a CD that combines a highly competitive rate with the flexibility and simplicity our customers have come to expect from Pibank.”

Customers can have the monthly interest earned on their Pibank CD deposited directly into a linked Pibank Savings account, where it can earn additional interest for the remainder of the CD term.

“The Pibank CD reflects our ongoing commitment to offering products that help our customers make the most of their savings,” adds Barake. “We’re excited to give customers another straightforward way to earn a top-of-market return.”

For additional information about the Pibank CD, visit www.pibank.com/pibank-cd.

About Pibank

Pibank is an FDIC-insured financial institution. The all-digital Pibank is committed to offering easy-to-access, best-in-market high-yield savings products with a personalized customer service environment. For more information on Pibank visit www.pibank.com.

Contacts

Media Contacts:
Yvette Erviti-Lopez
press@pibank.com

Industry:

Pibank

Release Versions
English

Contacts

Media Contacts:
Yvette Erviti-Lopez
press@pibank.com

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