Certificates of Deposit (CDs)
Certificate of Deposits may be purchased by either an individual(s) or a business in a variety of terms that provide higher yields than regular Savings, Money Market or NOW Accounts. If rates are your primary concern and your money is not needed any time soon, then a Certificate of Deposit may be the best option for you!
With this Certificate of Deposit you can enjoy the benefit of raising your interest rate one time during a 12-month term. Now this is the perfect way to get the better rate to work for you.
|Terms||Minimum To Open||Interest Paid
(Monthly, Quarterly, Annually,
or at Maturity)
|Early Withdrawal Penalty|
|1 year||$1,000||Yes1||30 Days Simple Interest|
|Option CD (1year)||$5,000||Yes1||30 Days Simple Interest|
|Special CD||$5,000||Yes1||90 Days Simple Interest|
Please inquire about special rates for deposits of $95,000 or more.
1 Interest is compounded daily and is paid as instructed upon issuance.