Certificate of Deposit (CD)
Effective Date 11/05/2024
All rates subject to change without notice.
CD Rates
Term3 | 3 MO | 6 MO | 9 MO | 18 MO | 1 YR | 2 YR | 3 YR | 4YR | 5 YR |
---|---|---|---|---|---|---|---|---|---|
Interest Credited Monthly | |||||||||
Rate1 | 1.98% | 3.69% | 3.54% | 3.20% | 3.20% | 3.15% | 1.98% | 2.23% | 2.28% |
APY2 | 2.00% | 3.75% | 3.60% | 3.25% | 3.25% | 3.20% | 2.00% | 2.25% | 2.30% |
Penalty | 2 MO | 3 MO | 3 MO | 6 MO | 6 MO | 6 MO | 6 MO | 6 MO | 6 MO |
Jumbo CD Rates
Rate1 | APY2 | Term |
---|---|---|
1.98% | 2.00% | 14-59 DAYS |
1.98% | 2.00% | 60-89 DAYS |
1.98% | 2.00% | 90-179 DAYS |
3.54% | 3.60% | 180-269 DAYS |
3.54% | 3.60% | 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 Interest may be withdrawn after it is credited.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.
Member FDIC