You must open a new or have an existing Prosper Checking account in order to have a Prosper Savings account. Non-qualifying accounts will earn 0.01%/0.01% interest rate/APY on all balances. You have a grace period of 7 calendar days after the CD's maturity date to withdraw the funds or change terms of the account without being charged a penalty.
If you withdraw funds at any other time before CD maturity, a penalty may be imposed for early withdrawal.ĬDs automatically renew for the same term, unless otherwise specified in the account disclosure. If you withdraw funds from a CD within 6 days of initial deposit or within 6 days of the most recent partial withdrawal, you will be subject to a mandatory early withdrawal penalty equal to at least 7 days simple interest on the amount withdrawn, unless federal regulations permit the waiver of this penalty. Refer to our Schedule of Fees for information on other fees that may apply. Interest is calculated on the daily collected balance and is compounded and credited monthly. Interest rates and APYs may change at any time at the bank's discretion. Interest rates and annual percentage yields (APYs) are current as of December 1, 2023.
