Certificates of Deposit at NexTier Bank

Q: What CD terms does NexTier Bank offer?

NexTier Bank offers six standard CD terms: 3 months, 6 months, 12 months, 24 months, 36 months and 60 months. IRA CD variants are available at the same terms for Traditional and Roth IRA accountholders. A Jumbo CD is available for deposits of $100,000 or more, typically at a slightly improved APY versus the standard schedule. All CDs are FDIC-insured to $250,000 per depositor, per ownership category.

Q: What is the early-withdrawal penalty on a NexTier Bank CD?

Early withdrawal before the maturity date incurs an interest-forfeiture penalty. CDs of 12 months and shorter forfeit 90 days of interest. CDs of 24 months and longer forfeit 180 days of interest. The penalty is deducted from the accrued interest first, and can reduce principal if the CD has not accrued enough interest to cover the penalty. Truth-in-Savings disclosures state the exact penalty at account opening.

Q: Is there a grace period after CD maturity?

Yes. A ten-calendar-day grace period follows every CD maturity. During the grace period the accountholder can withdraw funds without penalty, add funds, change the term, or roll the CD into a different product. If no action is taken, the CD automatically renews at the same term at the posted APY for that term on the renewal date. Maturity notices are mailed 15-20 days before the maturity date.

Q: What is a Jumbo CD at NexTier Bank?

A Jumbo CD requires a minimum opening deposit of $100,000 and is available in the same six standard terms (3, 6, 12, 24, 36 and 60 months). The Jumbo schedule typically pays a slightly higher APY than the standard CD at the same term, reflecting the larger commitment. A Jumbo CD is a single deposit account; FDIC insurance still tops out at $250,000 per depositor per category, so balances above that level should be split across ownership categories or institutions.

Q: Can I hold a CD inside an IRA?

Yes. NexTier Bank offers IRA CDs across the same six standard terms for Traditional and Roth IRA ownership. IRA CDs sit inside the bank's IRA custodial account. Contributions follow the annual IRS schedule, and early withdrawal of the CD triggers the CD penalty in addition to any tax consequences a pre-age-59.5 distribution may carry. IRS Publication 590 documents the retirement-specific rules at irs.gov.

Fixed-term CDs in six standard maturities — 3, 6, 12, 24, 36 and 60 months — plus IRA CD variants and a Jumbo CD tier for deposits of $100,000 or more. Rates are posted monthly and booked locally in Butler County. FDIC-insured to $250,000 per depositor, per ownership category, separately from other deposit categories.

A certificate of deposit trades liquidity for a fixed APY guaranteed for the whole term. Many savers build a ladder — splitting funds across 6, 12, 24 and 36-month CDs so one rung matures each period and rolls into a longer term. The CFPB publishes a consumer guide to CD laddering that maps cleanly onto this lineup.

Open a CD Find a Branch

CD ladder with 3, 6, 12, 24, 36 and 60 month rungs

Term	Min Deposit	Typical APY	Early Withdrawal Penalty
3 months	$1,000	Short-end market	90 days of interest
6 months	$1,000	Short-end + step	90 days of interest
12 months	$1,000	Mid market	90 days of interest
24 months	$1,000	Mid-long market	180 days of interest
36 months	$1,000	Long market	180 days of interest
60 months	$1,000	Top market	180 days of interest

Jumbo CD ($100,000+) pays a step above standard APY at the same term. IRA CD available at all six terms. Rate card refreshed monthly and posted at every branch.

3-Month CD

The short rung of a ladder. Parking cash for a known near-term expense — a spring property-tax payment, the deposit on a summer camp, the down payment on a vehicle after a quote lock. Minimum $1,000 to open. 90-day interest forfeiture on early withdrawal.

6-Month & 12-Month CDs

The workhorse terms. 12 months is the standard test-drive for a new saver who wants a committed rate but is not yet comfortable with multi-year commitments. 90-day penalty on both terms. Roll over or take cash on the 10-day grace period.

24-Month & 36-Month CDs

The mid-ladder rungs. 24 and 36 months typically earn materially more than 12 months in a normal rate environment. The penalty doubles to 180 days of interest, reflecting the longer commitment. Good for funds earmarked for a 2-3 year capital project.

60-Month CD

The top rung. Five-year lock in exchange for the top APY on the standard schedule. 180-day penalty. Appropriate for retirement allocations sitting outside an IRA that will not be needed for at least five years.

Jumbo CD ($100K+)

Same six terms as the standard schedule, minimum $100,000 deposit, slightly improved APY at each term. Remember: FDIC coverage is $250,000 per depositor per ownership category. A $500,000 CD in a single-owner account is only $250,000 insured — split across categories or institutions as needed.

IRA CD

Traditional and Roth IRA CDs at the same six terms. Sits inside the bank's IRA custodial account. Early withdrawal triggers both the CD penalty and any pre-59.5 tax consequences from the IRS. IRS Publication 590 documents the retirement mechanics; a tax adviser should confirm individual facts.

Opening & Rate Lock

A CD opens in-branch or from an existing account in online banking. The APY locks on the business day of deposit; interest accrues from that date. Truth-in-Savings disclosures, required by the CFPB, state the APY, compounding, and early-withdrawal penalty in plain English before signing.

Interest is compounded daily on standard CDs and credited at maturity for terms of 12 months or less, and quarterly for longer terms — with the option to have interest paid to a linked checking account instead of compounding.

CD opening process with Truth-in-Savings disclosure

CD ladder payout timeline with rolling maturities

Maturity Mechanics & the Grace Period

A maturity notice mails 15-20 days before the maturity date. The ten-calendar-day grace period that follows maturity lets the accountholder withdraw, add funds, change the term, or simply do nothing — in which case the CD auto-renews at the posted APY for the same term. Set an account alert so the grace window is never missed.

Many savers use the grace period to ladder: a matured 12-month rolls into a new 36-month on the day the old one matures, capturing the ladder-rung effect.

Early Withdrawal Arithmetic

Early withdrawal forfeits 90 or 180 days of interest, depending on term length. If the CD has not accrued that much interest yet (a common case on a 3-month CD pulled in week two), the penalty comes out of principal. Truth-in-Savings disclosures state the exact figure on the signing document; the FDIC consumer resource compares penalty structures across institutions.

Hardship waivers are not routine but are considered in death or legal incompetence cases per federal guidance.

Early withdrawal penalty calculation on CD

Money Market

Liquid alternative if funds may be needed — money market.

Personal Savings

Statement savings and IRA savings — personal savings.

Personal Checking

Destination for interest payouts — personal checking.

Account Alerts

Don't miss maturity grace — account alerts.

Online Banking

Open, renew, track — online banking.

Business Savings

Business CD equivalents — business savings.

What CD terms does NexTier Bank offer?

Six standard terms — 3, 6, 12, 24, 36 and 60 months. IRA CD at each term. Jumbo CD ($100K+) at a slightly higher APY.

What is the early-withdrawal penalty on a NexTier Bank CD?

90 days of interest on CDs of 12 months or less, 180 days on CDs of 24-60 months. Deducted from accrued interest first, then principal if insufficient.

Is there a grace period after CD maturity?

Yes — ten calendar days after maturity to withdraw, add, change term or roll. Automatic renewal at same term if no action is taken.

What is a Jumbo CD at NexTier Bank?

Minimum $100,000 at any of the six standard terms. Slightly improved APY vs standard schedule. FDIC still insures $250K per depositor per category.

Can I hold a CD inside an IRA?

Yes — Traditional and Roth IRA CDs at each standard term. Early distribution triggers CD penalty plus any IRS pre-59.5 tax rules.