Term	Minimum Deposit	Interest Paid
90 Day	$500.00	Monthly/Quarterly
6 Month	$500.00	Monthly/Quarterly
12 Month	$500.00	Monthly/Quarterly
18 Month	$500.00	Monthly/Quarterly
24 Month	$500.00	Monthly/Quarterly
36 Month	$500.00	Monthly/Quarterly
48 Month	$500.00	Monthly/Quarterly
60 Month	$500.00	Monthly/Quarterly
Graduate CD	$100.00	*Quarterly

*Deposit of $25.00 minimum not to exceed $5,000.00 annually.  Call For Rates

The Graduate

Minimum balance to open the account - You must deposit $100.00 to open this account.  Additional deposits may be made to this account any time with a minimum deposit of $25.00 each.

Determination of Rate - Rate is determined by the term of certificate required.

Maximum Deposits - Deposits may not exceed $5,000 per year.

Other term - Childs name must be primary owner.

Effect of closing the account early - There is a penalty for early withdrawal.

CD FAQs

APY - Annual Percentage Yield

This is the amount of interest a customer will earn if they have their interest added back to their certificate.

Can a customer withdraw their interest?

No.  The customer must redeem the entire certificate, we can not give the customer a partial amount of their certificate.

Can the rate be negotiated?

Sometimes.  In most instances we are only allowed to give the customer the board rate.  If it is a situation that you are not sure about it is always best to ask management.

Can you open a CD with less than $500.00?

No.  We are not allowed to open a certificate with less than $500.00, although the customer can put the money in a passbook savings until they have saved the minimum.