Greystone Bank Savings and CD Account Info

Greystone Bank is one of many local banks people from Raleigh have to choose from. Greystone Bank emphasizes their work with mortgage sales as well as their CD and savings accounts. Find below details on their CD and savings accounts.

Greystone Bank Terms for CD accounts

Minimum deposit: $50,000
Interest compounded daily
Interest paid quarterly
Interest can be paid out or capitalized back to principal
Maximum penalty of 90 days interest on early withdrawals

Greystone Bank makes their Certificate of Deposit rates available online for your viewing. Enter this into your browser: http://www.greystonebank.com/DepositCD.aspx

Greystone Bank Terms for Savings Accounts

Minimum deposit: $25,000
Additional deposits may be made
Tiered interest rates apply; the more you deposit, the more interest you earn
Interest is compounded daily and credited to the account
Service charges apply if the balance drops below $25,000

For the latest Greystone Bank rates for savings accounts: http://www.greystonebank.com/DepositSavings.aspx

There are certain federally-mandated restrictions applied to savings accounts. For one, only up to six withdrawals or transfers are allowed each month. Only three of those transactions are allowed to be checks. Also, after you perform three electronic withdrawals in a month, there is a charge for each additional electronic transfer. If more than six withdrawals are made in a month, the account may convert to a non-interest bearing account.