CD / Installment Savings

Personal Certificate of Deposit (CD)

  • Terms can be selected between 12 months to 60 months
  • Minimum amount to Open $1,000
  • 90 days early withdrawal penalty applied to CDs 12 months and under on amount withdrawn
  • 120 days early withdrawal penalty applied to CDs 24 months and under on amount withdrawn
  • 150 days early withdrawal penalty applied to CDs 36 months and over on amount withdrawn 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 to $220,000
  • 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
  • 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 can be selected between 12 months to 60 months
  • Minimum balance varies upon term and goal amount
  • 90 days early withdrawal penalty applied to all terms  
  • Automatic renewal not available
  • Interest Earned on entire daily collected balance
  • Fixed interest rate with interest compounded monthly and credited monthly to account