CD / Installment Savings

Personal Certificate of Deposit (CD)

  • 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  • 90 days Early Withdrawal Penalty applied to CDs 12 months and under on amount withdrawn.
  • 120 days Early Withdrawal Penalty applied to CDs 24 months and under on amount withdrawn.
  • 150 days Early Withdrawal Penalty applied to CDs 25 months and over on amount withdrawn. 
  • Fixed interest rate with interest compounded monthly and credited monthly to account.
  • 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 after maturity to withdraw funds without penalty. 
  • Simple interest accrued at the current (new) rate during grace period and paid in the event of closing CD account

FLEX Certificate of Deposit (CD)

  • 12 months or 24 months Term Only
    Minimum amount to Open from $50,000.00 to $220,000.00
  • Allows two Principal Withdrawals without Penalty, after which principal withdrawal prior to maturity will have a penalty of 120 days for 24-month Flex CD and 90 days for 12-month Flex CD.
  • Account will be closed when balance falls under $10,000.00
  • 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 after maturity to withdraw funds without penalty.
  • Simple interest accrued at the current (new) rate during grace period and paid in the event of closing CD account
  • Fixed interest rate with interest compounded monthly and credited monthly to account.

Installment Savings

  • Terms that Range from 12 months to 60 months Term to choose
  • Minimum Balance Varies upon Term and Goal Amount
  • 90 days Early Withdrawal Penalty applied to all terms
  • Single Maturity
  • Interest Earned on entire daily collected balance
  • Fixed interest rate with interest compounded monthly and credited monthly to account.
  • Monthly Statement Available upon request