Text Size

Certificates of Deposit


Certificates of Deposit

Safe investments with terms to fit your needs

  • Minimum Deposit - $1,000.00 is required to open this account.
  • Interest - Interest is paid on the account until the maturity date. Interest is compounded monthly and credited to the account monthly. Interest begins to accrue on the business day you deposit noncash items (for example, checks). We use the daily balance method to calculate the interest on the account. This applies a daily periodic rate to the principle in the account each day.
  • Renewal - This account is automatically renewable. You will have ten (10) calendar days from the maturity date to withdraw funds without being charged a penalty.
  • Deposits and Withdrawals - No deposits or withdrawals are permitted on the account.
  • Early Withdrawal Penalty - If any of the deposit is withdrawn before the maturity date, a penalty on the amount withdrawn as shown below will be imposed.
  • 7 to 31 days - The greater of (a) all interest earned or (b) all interest that could have been earned during one-half of the maturity period.
  • 3 months to 12 months - 3 months interest
  • 13 months to 47 months - 6 months interest
  • 48 months and over - 9 months interest

See our Deposit Rate Schedule for current terms and rates

< back to top


Easy Access Certificate of Deposit

No withdrawal penalty after 7 days

  • Easy Access Certificates of Deposit permits the withdraw of funds without penalty after the first seven (7) days following the initial purchase.
  • Minimum Deposit - $1,000.00 is required to open this account.
  • Term - The term for this account is eleven (11) months.
  • Interest - Interest is paid on the account until the maturity date. Interest is compounded monthly and credited to the account monthly. Interest begins to accrue on the business day you deposit noncash items (for example, checks). We use the daily balance method to calculate the interest on the account. This applies a daily periodic rate to the principle in the account each day.
  • Renewal - This account automatically renews at maturity.
  • Deposits and Withdrawals - No deposits or withdrawals are permitted on the account.
  • Early Withdrawal Penalty - If any of the deposit is withdrawn during the initial seven (7) days, a penalty of three (3) months interest will be imposed.

See our Deposit Rate Schedule for current terms and rates.

< back to top


CD Plus

If you have savings in a savings account, but don't have enough for the regular Certificate of Deposit minimum balance, you might want to try a CD Plus account. It is a great way to get started.

  • $500.00 opening balance - A deposit of $500.00 is required to open this account.
  • Can add additional funds with a minimum deposit of $100.00 - Unlimited amount above $100.00.
  • CD will mature in one (1) year from the opening date. Additional deposits do not affect the maturity date.
  • Interest may be withdrawn at maturity.
  • CD will be automatically renewable for the same length and features.
  • Interest will be compounded monthly and added to the account.
  • If any of the deposit is withdrawn before the maturity date, there will be a penalty of three (3) months interest on the amount of money that is withdrawn.
  • No deposits may be made the last seven (7) days preceding maturity.

< back to top