We offer a variety of time deposit accounts. Deposit requirements differ on various accounts, providing you the flexibility required of the adept investor. Rates on all Certificate of Deposit Account terms are subject to change weekly at our discretion. Issue rates on certificates remain constant for the entire period (unless the rate is bumped under the terms of the CD).

91 Day Certificate of Deposit

This account meets the short-term investment need. A deposit of $1,000 is required to open this account. Interest is compounded and credited every 91 days.

Six Month Certificate of Deposit

This popular investment account can be opened for as little as $1,000. The short maturity and rate of return makes this a solid performer in all investment planning. Interest is compounded and credited every 182 days.

1 Year, 18 Month, 2 Year, 30 Month, 3 Year, 4 Year, 5 Year and 7 Year  Certificates of Deposit

These Certificates of Deposit have a required minimum balance of $500. These investments provide the best interest available for the longer term investor. Interest is compounded and credited annually.

Bump Rate Certificate of Deposit

Maturities of one year or longer are currently offered on our Bump Rate Certificates of Deposit. Each Certificate has a minimum balance requirement of $5,000. Interest is compounded and credited annually. This certificate allows you the freedom of upgrading the interest rate on your certificate without changing the maturity date or incurring a penalty. When the rates go up all you need to do is exercise the one-time Bump Rate option of the certificate by contacting a Personal Banker and then confirming your decision in writing within 7 days.  All Bump Rate Certificate rules apply as explained on the Bump Rate Certificate of Deposit Disclosure.  The Bump Rate option does not extend the maturity date. The new adjusted rate is paid from the date the rate is bumped to the maturity date.

 

Automatically Renewable Certificate of Deposit

All Certificates of Deposit described above will automatically renew for an identical term at maturity unless you specify a different available renewal term in writing.  You have 10 calendar days after the maturity date to withdraw funds without penalty. However, only funds renewed during the 10 calendar days following the maturity date will earn interest. The interest rate and APY for the renewal term will be the current rate offered.

Non-Renewable Certificate of Deposit

Certificates of Deposit taken out for terms other than those described above will be subject to the same conditions and requirements as those outlined above. However, these Certificates of Deposit will not renew automatically at maturity. If you do not renew the account on the certificate maturity date, your funds will be placed in a non-interest bearing account.

CD Transaction Limitations

You cannot make additional deposits to this account during a term (other than credited interest). You cannot withdraw principal form this account without our consent except on or after maturity.  (For accounts that automatically renew, there is a ten day grace period after each renewal date during which withdrawals are permitted without penalty.)

Early Withdrawal Penalty

We will impose a penalty equal to 90 days of interest for maturities of less than 1 year, 182 days of interest for maturities of 1 year through 5 years, or 1 year of interest for maturities over 5 years - based on the interest rate in effect at the time of withdrawal. 

 In certain circumstances such as the death or incompetence of an owner of this account, federal regulations permit, or in some cases require, the waiver of early withdrawal penalty.

 

Savings Account Dislcosures