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| Certificates of Deposits |
| Description |
Certificates of Deposit are accounts for individuals and businesses who want
to invest funds for a specific period of time. |
| Interest Rate |
Interest begins to accrue from the date of deposit. Interest will be
credited annually or at maturity if term is less than one year.
Please click here for our current CD rates. |
| Minimum
Deposit |
$1,000 |
| Term |
7 days
to 47 months |
| Withdrawal Penalty |
| 7 to 31
days: Early withdrawal penalty is equal to the accrued interest or the
interest on half of the term, whichever is greater. |
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| 32 days
or over: Early withdrawal penalty is equal to 30 days interest on the
amount withdrawn whether or not the interest has accrued. |
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