CD

Business Certificate of Deposit

Terms that Range from 3 months to 60 months to choose
Minimum amount to Open $1,000.00
90 days Early Withdrawal Penalty applied to CDs 12 months and under on amount withdrawn
120 days Early Withdrawal Penalty applied to CDs 24 months and under on amount withdrawn
150 days Early Withdrawal Penalty applied to CDs 25 months and under on amount withdrawn
Renewal will be the same as the original term with the interest rate to be determined at the time of renewal.
10 Days Grace Period given after maturity to withdraw funds without penalty.
Simple interest accrued at the current (new) rate during grace period and paid in event of closing CD account
Fixed interest rate with interest compounded monthly and credited monthly to account.

Please contact us for more information.

SBA, Preferred Lending Program, PLP Lender

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