BANKING / FINANCE
Compiled by James S. Granelli, Times staff writer
Landmark Bank in La Habra is offering a new certificate of deposit that allows depositors to continue adding money to the account during the term of the CD.
Typically, depositors cannot add to a CD during its term.
Landmark’s new savings program, called the CD Plus, requires a minimum opening deposit of $20,000, allows additional deposits in minimum increments of $1,000 and limits the total balance to $500,000. The CD is renewed automatically at the interest rate prevailing at renewal time.
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