Certificates of Deposit (CDs)

Personal Certificate of Deposit

• Minimum opening deposit: $1,000
• Term: 3 months to 60 months
• Withdrawal Fee: Penalty for early withdrawal
• Earns interest: Fixed interest rate
• Calculated: Daily
• Interest Paid: Monthly
• Renewal: Renewal will be the same as the original term with the interest rate to be determined at the time of renewal
• Additional Information: 10 day grace period after maturity to withdraw funds without penalty

Installment Savings (Consumer Only)

• Minimum opening deposit: The minimum contract amount is $1,000. Contract amount may increase in multiple of $1,000 with no maximum. 
  
• Term: 12 months to 60 months 
  
• Withdrawal Fee: 90 days interest applied to all terms
• Earns interest: Fixed interest rate
• Calculated: Daily
• Interest Paid: Monthly
• Renewal: Automatic renewal not available
• Additional Information: Balance at maturity may vary, depending on day and frequency of each monthly payment. Lump sum deposit will not be allowed. Only scheduled monthly installment deposit to the account is accepted