Certificates of Deposit

30 day CDs

• Interest will be compounded daily and credited at maturity.
• The penalty for early withdrawal will be equal to the amount of interest you actually earned.

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Ninety Day CDs

• Interest will be compounded daily and credited at maturity.
• The penalty for early withdrawal will equal 31 days simple interest on the amount withdrawn.

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Longer Term CDs

• Interest will be compounded daily and credited quarterly.
• The penalty for early withdrawal for the 6 month CD will equal 91 days simple interest on the amount withdrawn.
• The penalty for early withdrawal for all other longer CDs will equal 180 days simple interest on the amount withdrawn.

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Additional Information for all Certificates of Deposit

• Free 24-hour information line (1-866-578-4378)
• Minimum deposit of $1,000.00
• Minimum balance of $1,000.00 required to obtain the APY
• The annual percentage yield (APY) assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
• The interest rate and annual percentage yield will not change, and will be in effect until the account matures.
• We use the daily balance method to calculate interest on your account. This method applies a daily rate to the principal in the account each day.
• Interest begins to accrue on the business day you deposit noncash items (for example checks)
• We may impose a penalty if you withdraw any of the principal before the maturity date.
• At maturity the principal amount and all earned interest that has not been withdrawn will automatically renew for an identical period of time as the original item.
• You will have ten (10) calendar days after the maturity date to withdraw funds without penalty.
• There are no service charges.
• CDs are non-negotiable and non-transferable.

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