Hyperion Bank launches limited-time Certificate of Deposit promotion
Community bank continues growth, including special CD promotion
By: Hyperion Bank
PHILADELPHIA - April 7, 2023 - PRLog -- Hyperion Bank – which has banking offices in Atlanta and in Philadelphia – has launched a limited-time certificate of deposit (CD) promotion, as it continues to grow deposits.
The first of the two special CD offers earns 5.50% annual percent yield (APY) (5.35% interest rate) for a 19-month CD. The other earns 5.25% APY (5.12%% interest rate) for a 13-month CD.
"We've seen deposits grow by 45% year over year and added significant deposits recently as we were able to offer a new banking home to some consumers affected by industry tumult," says Charlie Crawford, CEO & Chairman of Hyperion. "On the heels of that growth, we are excited to offer this special CD promotion – also toward growing deposits and introducing ourselves to new customers."
Hyperion Bank's CD Offer "fine print:" 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.
Hyperion is a full-service community bank, connecting with customers via technology and highly accessible, experienced, enthusiastic bankers who have local decision-making authority. Founded in 2006, the bank expanded in 2019, opening a second location in Atlanta – in Buckhead, the city's financial district; it expanded again in 2020, with a joint venture, Hyperion Mortgage.
Member FDIC. Equal Housing Lender. Offer of credit is subject to approval. #communitybank #communitybanking #communitybanker #HyperionBank #HyperionMortgage #HyperionBancshares