Certificates of Deposit
Certificates of Deposit are available for terms ranging from 30 days to 5 years at competitive rates. Interest on your CD will begin to accrue on the first business day after the banking day of deposit. You will have the option of compounding your interest back into the CD, having the interest placed into your checking or savings account, having a check sent to you each month, or one check at maturity for the interest. The minimum amount for purchasing a CD is $2,500. If you have to close the CD before it has matured then there will be a substantial penalty.
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