Abstract: Limelight Financial institution is the online-only division of Capital Neighborhood Financial institution (CC Financial institution), which was based in 1993. Limelight is headquartered in Nice Grove, Utah. The financial institution gives a number of CDs and an HYSA, however no checking accounts can be found at the moment.
Limelight Financial institution product overview
Excessive-yield financial savings account (HYSA)
Limelight gives a high-yield financial savings account that at present earns 3.9% APY. That is greater than 10 occasions greater than the nationwide common price for financial savings accounts.
To open a Limelight HYSA, you may must make a $100 minimal deposit. You possibly can solely open an account on-line, so you may must switch the funds from one other financial institution, or ship a examine or wire to Limelight.
Limelight doesn’t supply a debit card, ATM entry, or checks, so that you should not open a Limelight HYSA except you are comfy making your entire deposits and withdrawals on-line. It is also price noting that you may solely make six transfers out of your account every four-week interval.
Certificates of deposit (CDs)
Limelight gives 4 totally different choices for CDs, all with aggressive rates of interest. Phrases vary from six to 36 months and require a minimal deposit of $1,000.
Limelight Financial institution charges
Limelight doesn’t cost many charges, although prospects could incur expenses for particular providers.
|
FEE |
FEE AMOUNT |
|---|---|
|
Cashier’s examine (outgoing home) |
$10 |
|
Categorical delivery cashier’s examine (outgoing home) |
$25 |
|
Wire switch (incoming home) |
Free |
|
Wire switch (outgoing home) |
$15 |
|
Return examine |
$7 |
|
Particular account analysis |
$35 per hour, $5 copy |
|
Cease cost |
$25 |
|
Momentary assertion |
$2 |
|
Garnishment or tax levy |
$75 |
|
Verification of deposit |
$10 |
|
CD early withdrawal penalty |
90-180 day’s curiosity, relying on time period |
Limelight Financial institution professionals and cons
Professionals:
Cons:
-
No checking accounts: Limelight does not instantly supply any checking accounts. If you happen to undergo the method to use, you may be directed to use for checking accounts from Limelight’s dad or mum firm, CC Financial institution.
-
Restricted entry to accounts: HYSA account-holders don’t get debit playing cards or checks, and buyer opinions additionally point out difficulties logging into the financial institution’s apps. As a buyer, this implies chances are you’ll find yourself annoyed with the restricted choices for making deposits, withdrawals, and monitoring your accounts.
Customer support and cell banking expertise
As a Limelight Financial institution buyer, you will have hassle reaching buyer assist once you want it. Chat assist just isn’t out there on-line. Moreover, Limelight doesn’t submit enterprise hours for cellphone assist. However when you name throughout common enterprise hours, your name is more likely to go to voicemail.
For different avenues of contacting the financial institution, you may attempt submitting a contact kind on the web site or sending an e mail to customercare@limelightbank.com.
Limelight doesn’t have its personal apps, so to entry your account via your smartphone you may have to make use of the apps from Limelight’s dad or mum firm, CC Financial institution. Make sure to not confuse this for the CC Financial institution cell app, which is an app for Central Cooperative Financial institution based mostly in Bulgaria.
Within the Apple App Retailer, the CC Financial institution Utah app has 3.7 out of 5 stars and the Google Play retailer lists 3.5 stars. Customers of each apps report that, sometimes, the apps do not work nicely and there are login points.
Limelight Financial institution handle and cellphone quantity
The cellphone quantity for Limelight Financial institution is 800-639-6015. Limelight doesn’t have any bodily banking areas, however you may ship mail correspondence to the next handle:
Limelight Financial institution
1909 W. State Road
Nice Grove, UT 84062
Limelight Financial institution FAQs
Is Limelight Financial institution FDIC-insured?
Sure, Limelight Financial institution is FDIC-insured.
What’s Limelight Financial institution’s routing quantity?
The routing quantity for Limelight Financial institution is 124302927.
Is Limelight Financial institution a authentic financial institution?
Limelight Financial institution is a authentic financial institution that provides a number of FDIC-insured deposit accounts, together with a HYSA and several other CDs.
The place is Limelight financial institution positioned?
Limelight Financial institution is the online-only division of Capital Neighborhood Financial institution, and it doesn’t have any bodily branches. Limelight’s headquarters are in Nice Grove, Utah.
