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  • 90 days Early Withdrawal Penalty applied to CDs 12 months and under on amount withdrawn
  • 120 days Early Withdrawal Penalty applied to CDs 24 months and under on amount withdrawn
  • 150 days Early Withdrawal Penalty applied to CDs 25 months and under on amount withdrawn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.