Certificate of Deposit:
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Early withdrawal penalty may invade principal
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The balance on which interest is computed for this account is
determined by the daily balance method
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This account will automatically renew at maturity. You will
have ten (10) calendar days from the maturity date to withdraw
your funds without being charged a penalty.
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After the account is opened, you may not make deposits into or
withdrawals from this account until the maturity date.
Term
|
Minimum
Deposit |
Early Withdrawal
Penalty |
|
7 to 31
Days |
$2,500.00 |
7 Days
interest |
|
91 Days |
$2,500.00 |
31 Days
interest |
|
182
Days |
$2,500.00 |
31 Days
interest |
|
12
Months |
$2,500.00 |
31 Days
interest |
|
18
Months |
$1,000.00 |
91 Days
interest |
|
36
Months |
$1,000.00 |
91 Days
interest |
|
48
Months |
$1,000.00 |
182
Days interest |
|
60
Months |
$1,000.00 |
182
Days interest |
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There will be a $25.00 cancellation charge on any checking or
savings if account is closed within 60 days after it is opened.
All interest bearing transaction accounts will be subject to
change
All transactions received after 2:30p.m. will be credited on the
next business day.
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