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• 90 days Early Withdrawal Penalty applied to CDs 12 months and under on amount withdrawn.
• 120 days Early Withdrawal Penalty applied to CDs 24 months and under on amount withdrawn.
• 150 days Early Withdrawal Penalty applied to CDs 25 months and over on amount withdrawn.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 60 days for 24-month Flex CD and 30 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