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New Resource Bank launches Impact CD
May 23, 2012
New Resource has created a new certificate of deposit (CD) product, the Impact CD, which lets investors choose one of three key sustainability-related sectors to support with their deposits: solar and other alternative energy projects, organic products or nonprofit organizations.
The Impact CD replaces the bank’s Solar CD, which funded loans to solar installers and other solar businesses. The Impact CD gives New Resource customers more choices, allowing them to direct their deposits to the area they care most about. It also better reflects the depth and breadth of New Resource’s lending to sustainability-oriented businesses and organizations. (See a sampling of our current loan recipients on the Who We Finance page.
Impact CD facts:
- Choose your impact area when you open the CD
- $2,500 minimum opening balance
- Terms from one month to five years
- Fixed rates
- No maintenance fees
- Early withdrawal penalties
All New Resource Bank CDs are FDIC insured. See our current CD rates.
To open an Impact CD, contact a banker at firstname.lastname@example.org or 415.995.8100.
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