Certificates of Deposit
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000.00 in a 90 day, 6 month, and 1 year time deposit each day to obtain the disclosed annual percentage yield. If the Time Deposit is of 2, 3, or 4 years of length, a minimum balance of $500.00 must be maintained.
Limitations: You must deposit $1,000.00 to open a 90 day, 6 month, & 1 year time deposit or $500.00 to open a 2, 3, or 4 year time deposit. You may not make additional deposits into these accounts. You may not make withdrawals from these accounts prior to maturity date without a penalty.
90 Day CD Information: Your account will mature in 90 days. If you withdraw any of the principal before the maturity date, we may impose a penalty of three months’ interest on the amount withdrawn. If you close the account before interest is credited, you will not receive the accrued interest. This account will automatically renew. You will have 10 calendar days after the maturity date to withdraw funds without penalty.
6 Month CD Information: Your account will mature in six months. If you withdraw any of the principal before the maturity date, we may impose a penalty of three months’ interest on the amount withdrawn. If you close the account before interest is credited, you will not receive the accrued interest. The annual percentage yield assumes interest compounds quarterly and will remain on deposit until maturity. This account will automatically renew. You will have 10 calendar days after the maturity date to withdraw funds without penalty.
1 Year CD Information: Your account will mature in one year. If you withdraw any of the principal before the maturity date, we may impose a penalty of three months’ interest on the amount withdrawn. If you close the account before interest is credited, you will not receive the accrued interest. The annual percentage yield assumes interest compounds quarterly and will remain on deposit until maturity. This account will automatically renew. You will have 10 calendar days after the maturity date to withdraw funds without penalty.
2, 3, 4 Year CD Information: Your account will mature in the length of time selected at account opening: two, three, or four years. If you withdraw any of the principal before the maturity date, we may impose a penalty of six months’ interest on the amount withdrawn. If you close the account before interest is credited, you will not receive the accrued interest. The annual percentage yield assumes interest compounds quarterly and will remain on deposit until maturity. This account will automatically renew. You will have 10 calendar days after the maturity date to withdraw funds without penalty.
Limitations: You must deposit $1,000.00 to open a 90 day, 6 month, & 1 year time deposit or $500.00 to open a 2, 3, or 4 year time deposit. You may not make additional deposits into these accounts. You may not make withdrawals from these accounts prior to maturity date without a penalty.
90 Day CD Information: Your account will mature in 90 days. If you withdraw any of the principal before the maturity date, we may impose a penalty of three months’ interest on the amount withdrawn. If you close the account before interest is credited, you will not receive the accrued interest. This account will automatically renew. You will have 10 calendar days after the maturity date to withdraw funds without penalty.
6 Month CD Information: Your account will mature in six months. If you withdraw any of the principal before the maturity date, we may impose a penalty of three months’ interest on the amount withdrawn. If you close the account before interest is credited, you will not receive the accrued interest. The annual percentage yield assumes interest compounds quarterly and will remain on deposit until maturity. This account will automatically renew. You will have 10 calendar days after the maturity date to withdraw funds without penalty.
1 Year CD Information: Your account will mature in one year. If you withdraw any of the principal before the maturity date, we may impose a penalty of three months’ interest on the amount withdrawn. If you close the account before interest is credited, you will not receive the accrued interest. The annual percentage yield assumes interest compounds quarterly and will remain on deposit until maturity. This account will automatically renew. You will have 10 calendar days after the maturity date to withdraw funds without penalty.
2, 3, 4 Year CD Information: Your account will mature in the length of time selected at account opening: two, three, or four years. If you withdraw any of the principal before the maturity date, we may impose a penalty of six months’ interest on the amount withdrawn. If you close the account before interest is credited, you will not receive the accrued interest. The annual percentage yield assumes interest compounds quarterly and will remain on deposit until maturity. This account will automatically renew. You will have 10 calendar days after the maturity date to withdraw funds without penalty.