CD Terms & Conditions

  • The minimum amount required to open a CD is $500.00.
  • Interest is accrued from the date of deposit, and credited interest may be withdrawn during the term of the CD without penalty.
  • The minimum balance required to earn the annual percentage yield is $500.00.
  • Statements for CDs may be combined with statements for checking or statement savings accounts.
  • Withdrawals may be made without penalty on the maturity date or during the 10-day grace period after maturity.
  • Principal withdrawals are not permitted before the maturity date without penalty.*
  • There are three interest payment options:
    1. Credit to the account.
    2. Interest checks.
    3. Transfer to another Home Federal account.

CD Terms & Conditions

Certificate ProductsInterest CreditedPenalty*
3 Month
3 Month
Monthly
At Maturity
Two months loss of interest on the amount withdrawn whether earned or not,
based on the simple interest rate on the account.
6 Month
6 Month
9 Month
Monthly
At Maturity
Monthly
Three months loss of interest on the amount withdrawn whether earned or not,
based on the simple interest rate on the account.
1 Year
1 Year
18 Month
2 Year
3 Year
4 Year
5 Year
Monthly
At Maturity
Monthly
Monthly
Monthly
Monthly
Monthly
Six months loss of interest on the amount withdrawn whether earned or not,
based on the simple interest rate on the account for all CD terms 1 year and longer.
Jumbo
($100,000 min. to open)
(Terms: 14 days to 1 year)
Monthly or at
Maturity
Three months loss of interest on the amount withdrawn whether earned or not,
based on the simple interest rate on the account.

*Penalty may be waved under certain circumstances.

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