This account is a great choice if you’re interested in earning reward miles. The APY is really low, but the points you earn could make up for it. This account charges you a $12 monthly service fee, so keep that in mind when thinking about opening this CD.
How much you can earn depends on the CD term and your deposit amount:
In other words, the longer the term and the more you deposit, the more you can earn. As well, interest is compounded daily and credited monthly. When your account matures, you have a 10-day grace period where you can withdraw funds or renew for another term. Otherwise, the CD will automatically be renewed.
You can open an account online by filling out BankDirect’s online application form. Choose the CD term you want and fill in your personal details such as name, address, employment information and Social Security number. Then you’ll need to print out the Master Deposit Agreement and mail back a signed copy with your opening deposit. You’ll receive a welcome packet in the mail in 7 to 10 days, once the bank receives your documents.
You can also call the bank open an account or request an application form in the mail.
Source: https://www.magnifymoney.com/blog/reviews/bankdirect/