R Option CD Specials Are Back
You have the option to bump your rate!
15-Month R Option CD 3.72% APY*
30-Month R Option CD 3.82% APY*
CERTIFICATE OF DEPOSITS
Rate Information: This Account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change during the term of the account. At your discretion, you may change the interest rate on the account one (1) time during the term of the 15-Month R Option and two (2) times during the term of the 30-Month R Option Certificate of Deposit. To change your interest rate, you will need to visit one of our branches or notify us in writing.
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. The maximum deposit into this account is $1,500,000.00. 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 15-month R Option CD will convert to a 12 Month Certificate of Deposit beginning on the maturity date, and each renewal term will be for 12 months beginning on the maturity date. The 30-month R Option will convert into a 24 Month Certificate of Deposit, and each renewal term will be for 24 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If you withdraw any of the principal before the maturity date, we may impose a penalty of interest on the amount withdrawn.
- 15 Month R Option CD Early Withdrawal Penalty 12 months (30 days per month) interest on the amount withdrawn.
- 30 Month R Option CD Early Withdrawal Penalty 18 months (30 days per month) interest on the amount withdrawn.
*APY is the Annual Percentage Yield