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Certificate of Deposit

 

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Certificate of Deposit

We offer 30-day to 3-year fixed-rate certificates of deposit.

Requirements:

Initial deposit required to open a CD - $1,000.00       

Benefits:

No monthly maintenance fee imposed         
Interest will be compounded monthly unless you elect to receive the interest periodically    
Interest will be credited to your account monthly           
If you close your account before interest is credited you will receive the accrued interest
The interest rate is fixed until the first maturity of the Certificate of Deposit           
You have 10 calendar days after the maturity to withdraw funds without penalty
This account will automatically renew at maturity           

Cost:

We may impose a penalty if you withdraw any of the principal before the maturity date.  The fee imposed will equal 1 month’s interest.

 

 

 

 

 

 

 

 

 

 

                                 

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