| For a
$1,000.00 minimum you can begin a long-term savings account with
competitive rates. Our customer service representatives will advise
you on the best terms and rates.
| Certificates
of Deposit |
| Minimum
Deposit to Open |
| Term |
|
Term |
|
| 6
Months |
$2,500.00 |
30
months |
$1,000.00 |
| 9
Months |
$1,000.00 |
36
months |
$1,000.00 |
| 12
Months |
$1,000.00 |
48
Months |
$1,000.00 |
| 18
Months |
$1,000.00 |
60
Months |
$1,000.00 |
| 24
Months |
$1,000.00 |
|
|
|
| Minimum
Balance to obtain APY* |
| Term |
|
Term |
|
| 6
Months |
$2,500.00 |
30
months |
$1,000.00 |
| 9
Months |
$1,000.00 |
36
months |
$1,000.00 |
| 12
Months |
$1,000.00 |
48
Months |
$1,000.00 |
| 18
Months |
$1,000.00 |
60
Months |
$1,000.00 |
| 24
Months |
$1,000.00 |
|
|
|
| Interest
Rate** |
| Term |
|
Term |
|
| 3
Months |
0.60%
|
24
Months |
1.98% |
| 6
Months |
0.75% |
30
months |
2.13% |
| 9
Months |
0.85% |
36
months |
2.13% |
| 12
Months |
1.00% |
48
Months |
2.47% |
| 18
Months |
1.34% |
60
Months |
2.71% |
|
| Annual
Percentage Yield** |
| Term |
|
Term |
|
| 3
Months |
0.60% |
24
Months |
2.00% |
| 6
Months |
0.75% |
30
months |
2.15% |
| 9
Months |
0.85% |
36
months |
2.15% |
| 12
Months |
1.00% |
48
Months |
2.50% |
| 18
Months |
1.35% |
60
Months |
2.75% |
|
| Account Terms and Disclosures |
- The interest rate for your
account will be paid until the maturity of date of your
certificate.
- Interest is compounded
daily and is credited to your account monthly (Exception:
90 days and 6 months are simple interest and credited
monthly).
- Interest begins to accrue
on the business day you deposit non-cash items (For
example, checks.).
- This account will
automatically renew at maturity. You will have seven (7)
calendar days from the maturity date to withdraw your
funds before being charged a penalty.
- After the account is open,
you may not make deposits into, or withdrawals other than
earnings from this account until maturity date (No
exception).
- Interest can be withdrawn
by interest check or transferred to another account on
deposit here.
- We use the daily balance
method to calculate interest on your account. This method
applies a daily periodic rate to the principal in the
account each day.
- If any of the deposit is
withdrawn before the maturity date, a penalty as shown
below will imposed which could result in a possible loss
of principal.
|
Term |
Penalty |
|
6
Months |
30 days interest |
|
9
Months |
60 days interest |
|
12
Months - 60 Months |
90 days interest |
- All collection items are
$25 per item.
|
|
