Hyperion Bank, Earn Up to 5.50% APY with New CD
Hyperion Bank has launched a limited-time certificate of deposit (CD) promotion. You can earn an annual percent yield (APY) of 5.50% (5.35% interest rate) for a 19-month CD, or 5.25% APY (5.12% interest rate) for a 13-month CD.
The agreement which you can download during the application process, states that interest compounds daily and posts monthly to your account. The account is automatically signed up to roll over at maturity, but you have a grace period of 10 days.
The APY is effective as of March 29, 2023, and is subject to change without notice. These promotional CD rates are available for new money only and/or funds deposited within the previous 30 days at Hyperion Bank. Minimum balance needed to obtain the advertised APY is $500. Maximum $500,000 per person. Subject to an early withdrawal penalty. IRAs are not eligible. To obtain the advertised APY of this CD promotion, the CD must be funded before the CD promotion is discontinued.
This is a very small bank founded in 2006, and only has two locations in Atlanta and Philadelphia. It is FDIC insured. Hyperion is a full-service community bank, connecting with customers via technology and highly accessible, experienced, enthusiastic bankers who have local decision-making authority.
You can see the offer here. Plus find more high yield accounts in our list.
