A minimum opening deposit of $1,000.00 is required.
Available terms are listed below.
Simple interest will be credited to your account or paid to you by check monthly,
quarterly, semi-annually, annually or at maturity.
The daily ledger balance method is used to calculate interest on your account.
The fixed interest rate for your account will be paid until the maturity date of your
certificate.
Your certificate will automatically renew at maturity.
You have ten (10) calendar days from maturity to withdraw your funds without penalty.
If the certificate automatically renews, it will renew at the rate in effect on the date
of maturity.
After the account is opened, you may not make deposits into or withdrawals from the
account until maturity.
Interest begins to accrue on the business day you deposit non-cash items (checks).
If any of the deposit is withdrawn before maturity, a penalty as shown below will be
imposed:
Term
1 month 30 days interest
3 month 30 days interest
6 month 90 days interest
12 month 120 days interest
18 month 150 days interest
24 month 180 days interest
36 month 180 days interest
48 month 180 days interest
*The average daily available balance method applies a periodic rate to the average daily
available balance in the account for the period. The average daily available balance is
calculated by adding the principal in the account for each day of the period and dividing
the figure by the number of days in the period.
A minimum opening deposit of $1,000.00 is required.
Available terms are listed below.
Simple interest will be credited to your account or paid to you by check monthly,
quarterly, semi-annually, annually or at maturity.
The daily ledger balance method is used to calculate interest on your account.
The fixed interest rate for your account will be paid until the maturity date of your
certificate.
