Certificates of Deposit
The annual percentage yield stated below are accurate as of the last business date.
| TERM |
MINIMUM TO OPEN |
MINIMUM TO EARN APY |
INTEREST RATE |
APY |
FREQUENCY OF COMPOUND |
INTEREST CREDITED |
| 31 Day CD |
1,000.00 |
1,000.00 |
2.955% |
3.00% |
None |
At Maturity |
| 91 Day CD |
1,000.00 |
1,000.00 |
3.060% |
3.10% |
None |
At Maturity |
| 182 Day CD |
1,000.00 |
1,000.00 |
3.121% |
3.15% |
None |
At Maturity |
| 1 Year CD |
500.00 |
500.00 |
3.35% |
3.35% |
None |
At Maturity |
| 18 Month |
500.00 |
500.00 |
3.65% |
3.65% |
Annually |
Annually |
| 2 Year |
500.00 |
500.00 |
3.80% |
3.80% |
Annually |
Annually |
| 2 1/2 Years |
500.00 |
500.00 |
3.90% |
3.90% |
Annually |
Annually |
| 3 Years |
500.00 |
500.00 |
4.10% |
4.10% |
Annually |
Annually |
| 4 Years |
500.00 |
500.00 |
4.35% |
4.35% |
Annually |
Annually |
| 5 Years |
500.00 |
500.00 |
4.45% |
4.45% |
Annually |
Annually |
Early Withdrawal Penalty
| TERM |
PENALTY |
| 31 Day CD |
31 Day Interest Penalty |
| 91 Day CD |
31 Day Interest Penalty |
| 182 Day CD |
90 Day Interest Penalty |
| 1 Year CD |
6 Month Interest Penalty |
| 2 Year CD |
12 Month Interest Penalty |
| 18 Month CD |
12 Month Interest Penalty |
| 2 1/2 Year CD |
18 Month Interest Penalty |
| 4 Year CD |
18 Month Interest Penalty |
| 5 Year CD |
18 Month Interest Penalty |
Balance Computation Method
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Transactions Limitations
Partial withdraws of principal are not permitted during a term. Interest credited during a term may not be withdrawn.
Renewal Policy
Certificates will automatically renew at maturity. You have a grace period of seven (7) calendar days after the maturity date to withdraw the funds without being charged a penalty.
Accrual of Interest
Interest begins to accrue the business day you deposit non-cash items.