Certificates of Deposit

  • Minimum opening balance $500. (31 Day: $1000 minimum)
  • Interest earned on fixed rate instruments based on the amount, length of term, and the current market.
  • 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 10 calendar days after the maturity date to withdraw funds without penalty.
  • We will impose a penalty if you withdraw any of the principal before the maturity date. The early withdrawal penalty imposed will depend on the term of your CD.
  • The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.
  • We use the daily balance method to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day.
  • Interest may be credited to your account, paid by check, or compounded.
  • All certificates of deposit compound quarterly with the exception of 31-day and 90-day terms.