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Certificates of Deposit


Accounts: Certificate of Deposits (CD’S)

 

Certificate of Deposits (CD’S)

Description:

A product that earned a fixed rate of interest for a fixed period of time!

We offer the following fixed rated time periods for CD’s:
  • 91 day
  • 6-months
  • 1- year
  • 2- years
  • 3- years
  • 4- years
  • 5-years

You may not make deposits into or withdrawals from your account until the maturity date. We will impose a penalty if you withdraw any of the funds before the maturity date.


Balance Computation Method
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
 

Requirements:

You must deposit $500.00 to open this account. You may not make any deposits into your account until maturity.


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