Certificates of Deposit

There's a predictability to CDs that will eliminate stress and worry while you maximize your savings. The key is to deposit money you don't need to access for at least a few months so it can fully mature over time. You'll know exactly how much money the CD will earn by that point and you can make plans to withdraw your funds or re-invest for additional growth. There's no fee for CDs, and your savings are always increasing.

 

• Open with a $1,000 minimum deposit
• Choose from various terms, from 90 days to 60 months, each with a different rate
• Your savings are secure and insured by the FDIC (up to $250,000 per depositor)
• Keep in mind, there is a penalty for early withdrawal. Partial withdrawals may be taken and you will pay the penalty on just the amount withdrawn.

Penalty for early withdrawal. Early withdrawal can lower earnings. Visit your local branch for more information.

The following applies to all interest bearing accounts listed on this schedule of fees and services. The interest rate and *Annual Percentage Yield (*APY) are subject to change weekly.

• Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies the daily periodic rate to the principal in the account on each day. Interest is paid (credited) and compounded monthly, except for Regular Savings which is paid (credited) and compounded quarterly.
• Accrual: Interest begins to accrue no later than the day we receive full credit for the deposit of non-cash items (for example checks)
• All interest bearing accounts are variable rate accounts. We may change the rate at our discretion.
• If you close your account before interest is credited, you will receive interest only if you notify us at the time of closing. If you do not tell us you are closing your account you will not receive your accrued interest.
• Effect of Fees: fees may reduce earnings.