Certificate of Deposit
Saving couldn't be easier. CD's are a great way to set aside money and plan for future needs while earning a higher rate of return. With several saving options, you have the flexibility to save your way!
| Minimum Balance | Compounding Period | Frequency of interest payments | Early Withdrawal Penalty | Rate Type | |
|---|---|---|---|---|---|
| 180 days or less | $1,000 | None | Maturity | Loss of 1 month's interest | Fixed |
| Certificate of Deposit "Plus" | $5,000 | Maturity | Maturity | Loss of 1 month's interest | Fixed |
| 12 months | $1,000 | Quarterly | Quarterly | Loss of 1 month's interest | Fixed |
| 18 months and over | $1,000 | Quarterly | Quarterly | Loss of 3 month's interest | Fixed |
Certificate of Deposit
- Terms from 90 days to four years
- Fixed interest rate - Click here for current rates
- CD's under 1 year - interest is compounded and paid at maturity
- CD's 1-4 years - a compounded quarterly, paid quarterly
- Minimum to open a CD is $1,000.00
- There may be a substantial penalty for early withdrawal
CD Plus
- 11 month CD
- Fixed interest rate - Click here for current rates
- Interest is Compounded and paid at maturity
- $5,000.00 minimum to open
- Add-on feature ($300.00 minimum)
- No early withdrawal of principal or interest allowed
Certain disclosures are provided at the time that you open your account. All deposit accounts are subject to but not limited to the following:
- Truth in Savings
- Funds Availability
- Electronic Transfers Rules
- Terms Conditions
These disclosures are also available prior to opening an account or at any time and will be provided to you by contacting us.
