Certificate of Deposit (CD)

Effective Date 05/21/2024

All rates subject to change without notice.

CD Rates

Term33 MO6 MO7 MO9 MO18 MO1 YR2 YR3 YR4YR5 YR
Interest Credited Monthly
Penalty2 MO3 MO3 MO 3 MO6 MO6 MO6 MO6 MO6 MO6 MO

Jumbo CD Rates

1.98%2.00%14-59 DAYS
1.98%2.00%60-89 DAYS
1.98%2.00%90-179 DAYS
3.69%3.75%180-269 DAYS
4.41%4.50%270-365 DAYS
Penalty: 3 MO Interest on All Jumbo Accounts

PENALTY (WHETHER EARNED OR NOT) based on simple interest rate in effect for the account on early withdrawal date.

Penalty will be waived under certain circumstances.

  • Withdrawals of principal are not permitted before maturity without penalty. Interest may be withdrawn after it is credited.
  • CD rates are fixed for term of account. Automatic Renewal.
  • Interest is compounded monthly and paid monthly.
  • APY based on monthly compounding until maturity. APY assumes interest remains on deposit until maturity; a withdrawal will reduce earnings.
  • Additions may only be made during the 10 day grace period and do not adjust the maturity date.
  • Accounts closed before interest is credited will receive accrued interest.
  • A minimum balance of $500.00 is required to open the account and to obtain the APY. (The minimum to open a Jumbo CD is $100,000.00).
  • Withdrawals reducing the balance below the required minimum are treated as an account closeout.
  • The daily balance method is used to calculate interest; applies a daily periodic rate to the principal each day.
  • Interest begins to accrue on the business day you deposit noncash items (e.g. checks).
  • 1RATE=Interest Rate
  • 2APY=Annual Percentage Yield
  • 3The 42 month CD is not currently offered. Existing accounts will automatically renew for a 42 month term at a rate of 2.23% and APY of 2.25%; 6 month penalty

For More Information Call:  (865) 546-0330.

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