CERTIFICATE OF DEPOSIT
Higher interest rates plus flexible terms that meet your needs – with the security of full
FDIC insurance for your investment

  • A Certificate of Deposit provides a fixed rate of return for a specific period of time (term).*
  • Choose a longer term CD with a potentially higher interest rate, or a shorter tem CD for quicker access to your funds
  • Select from different minimum balance requirements – as low as $500.00 – to suit your needs
  • Certificates of Deposit are a great investment for your Individual Retirement Account because they offer the safety of FDIC insurance with the potential for higher returns
      • Choose from a wide range of terms:
      • 3 months
      • 6 months
      • 7 months
      • 11 months
      • 12 months
      • 14 months
      • 17 months
      • 18 months
      • 21 months
      • 24 months
      • 30 months
      • 3 years
      • 4 years
      • 5 years

Minimum balance to open the account - We require a deposit of $500.00 to open this account.

Average daily balance computation method - We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period.The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitations:
You may not make any deposits into your account before maturity.
You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
You can only withdraw interest credited in the term before maturity of that term without penalty.
You can withdraw interest any time during the term of crediting after it is credited to your account.

Early withdrawal penalties - (a penalty may be imposed for withdrawals before maturity) -
If your account has an original maturity of one year or less: The fee we may impose will equal three months interest on the amount withdrawn subject to penalty.
If your account has an original maturity of more than one year: The fee we may impose will equal six months interest on the amount withdrawn subject to penalty.
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. See your plan disclosure if the account is part of an IRA or other tax qualified plan.

Withdrawal of interest prior to maturity - The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Automatically renewable time account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. If you prevent renewal, interest will not accrue after final maturity. Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit. You will have ten calendar days after maturity to withdraw the funds without a penalty.

 
Special Note: E-mail may not be secure, so please do not use e-mail to send us communications which contain confidential information such as Account Numbers, Social Security Number, PIN and Passwords, or communications which require immediate attention. If you have questions about your existing account, please call us at one of our locations. For more information on security and privacy view our privacy statement.