We offer a wide variety of CD's to suite your needs
The following apply to this account:
- $500.00 minimum opening balance;
- Terms of 91 days, 182 days, 1 year, 18 months & 30 months;
- Dividends are credited quarterly;
- Certificates of $5,000 or more have an option of a monthly dividend period;
- An early withdrawal penalty applies;
- Click here for current rates;
We may impose a penalty if you withdraw any of the Certificates before the maturity date, or the renewal date, if this is a renewal certificate. For 91 day Certificates the penalty of your certificate is 30 days dividends. For 182 day, 13 month, and 1 Year Certificates, the early withdrawal penalty is 60 days dividends. For 1.5 year and 2.5 year Certificates, the early withdrawal penalty is 150 days.
The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on your account. It applies whether or not the dividends or if the dividend has already been paid, the penalty will be deducted from the principal. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances when an account owner dies.
