Certificates of Deposit

Last Updated 15 April 2013

• Available to individuals, businesses, corporations, and organizations.
• A $500.00 opening deposit is required.
• The interest rates vary by term of certificates.
• Interest begins to accrue on the business day you open the account.
• A substantial penalty will be assessed for early withdrawal.
• FDIC Insured.
• Fees could reduce earnings.
• Balance computation method - we will use the daily balance method to calculate the interest on your certificate. This method applies a daily periodic rate to the principal balance of your certificate for each calendar day.
• Rates accurate as of last update stated above.