9 Month Special CD – 1.51% APY*
15 Month Special CD – 1.71% APY*
CERTIFICATE OF DEPOSITS
Rate Information: This Account is an interest-bearing account. Current interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for the term of the Certificate of Deposit (CD). Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded daily and will be credited to an account you designate either monthly, quarterly or at maturity. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
Limitations: You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date.
Time Account Information: The 9 month Special CD will automatically renew for 6 months beginning on the maturity date. The 15 month Special CD will automatically renew for 12 months beginning on the maturity date. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term.
Early Withdrawal Penalty
If you withdraw any of the principal before the maturity date, we may impose a penalty of interest on the amount withdrawn.
- 9 Month Special CD Early Withdrawal Penalty 180 days of Interest
- 15 Month Special CD Early Withdrawal Penalty 12 months of Interest
*APY is Annual Percentage Yield