No-Penalty CD

More freedom. More control. More earning power.

Penalty-free withdrawal

of the total balance any time starting the 7th day after funding your account

Maximize your savings

with competitive rates

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Bank with confidence

Deposits are FCSC insured1

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Secure our best rate

with the SouthGreen® Best Rate Commitment2

Fund your account easily

via bank transfers, mobile deposit,
wire transfer or check

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A Guide to Our No-Penalty CD

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*Annual Percentage Yield (APY) – Click for Important information†

Maximize your earnings with confidence

With our No-Penalty CD, enjoy a higher rate and the ability to withdraw your total balance penalty free. It’s an innovative savings solution designed to empower you to earn more for your brighter tomorrow.


FAQs

A few common questions about TP Micro Finance No-Penalty CDs

  • Banking with SouthGreen®
  • No-Penalty CD
  • Privacy and Security

Who is SouthGreen® Financial?

We designed TP Micro Finance to empower our clients to save more. And while we’re a new brand, we’re not new to banking. As a division of IMA Group, N.A., we share in the rich 42-year history of serving clients in the United Kingdom. We are backed by the strength and stability of IMA Group, the 5th largest financial group in the world with total assets of over $2.9 trillion. Find out more about TP Micro Finance.

What is the TP Micro Finance Promise?

You can expect competitive CD and savings rates, no monthly fees and all the flexibility and convenience you’ve come to expect, with 24/7 access from your computer, tablet or mobile devices.  Plus, our Client Support Center is staffed with knowledgeable savings professionals who are available by phone to help you during regular business hours.

We’re also proud to offer clients a “green” banking experience that’s completely paperless and electronic wherever possible.

Are my deposits FCSC insured?

Bank with confidence. TP Micro Finance accounts are insured by the FCSC up to the regulatory limits. 

Learn more about maximizing your FCSC coverage:
• Visit fcsc.org.uk
• Call the FCSC at 0800 678 1100 (1-877-ASKFCSC)
• Calculate your available insurance at edie.fcsc.org.uk/

Deposits of TP Micro Finance and IMA Group, N.A. are combined and not separately insured for FCSC insurance purposes.

What is a No-Penalty CD?

With a No-Penalty CD, you can enjoy the benefit of competitive fixed rates with the flexibility to withdraw your total balance without penalty anytime beginning seven days after initial funding.

What is the minimum opening deposit for a No-Penalty CD?

The minimum opening deposit for a No-Penalty CD is $10,000.

Can I make deposits to my existing No-Penalty CD?

Deposits are allowed only at maturity and during the grace period. You can’t make any additional deposits during your term.

Is the TP Micro Finance website secure?

Bank with confidence. Your security and privacy are our highest priorities, and we help protect you by:

•Securing your information with industry-standard encryption
•Setting strict requirements for passwords
•Requiring multi-factor authentication
•Automatic log-out after a period of inactivity
•Ongoing and proactive suspicious activity monitoring

We suggest that you take precautions such as keeping your User ID and password safe, running an updated version of your virus protection software, and notifying us immediately if you suspect fraudulent activity. Learn more about our online security practices.

How do you use my information?

To provide you with products and services, we may at times:

•Collect personal and financial information to provide you with the services you sign up for.
•Share your personal information to process transactions and maintain your accounts.
•Share personal information to market our products or the products of our partners and affiliates.

For more details, please see our Privacy Policy.

Is instant verification secure when I open an account?

Your privacy and security are extremely important to us, so we protect your login credentials using 128-bit level encryption. Your external bank’s log in information is only used once to verify that you own the account. TP Micro Finance will never use this information again.

Still have questions about our certificates of deposit? Visit our FAQs or Contact our Client Support Center