Certificates of Deposit

  • $1,000.00 minimum balance required

Interest

Each deposit earns interest at the rate shown on the deposit receipt until the original maturity date. Interest begins to accrue on the day the deposit is made, and is calculated by the “daily balance” method, which applies a daily periodic rate to the principal in the account each day.

Early withdrawals

Deposits may not be withdrawn prior to the original maturity date, or any renewal maturity date, except with our consent. (See Depositor Agreement for details)

  • For deposits with a term of 7 to 29 days, 30 days’ interest forfeited
  • For deposits with a term of 30 to 364 days, 90 days' interest forfeited
  • For deposits with a term of 365 or more, 180 days’ interest forfeited

Maturities

  • CD’s one year or less
  • CD’s greater than one year