Business Certificates of Deposit
Regular Savings | Golden
Savings | High Yield-Money
Market
We offer a variety of
time deposit accounts that are available for personal,
business or organizational investing. 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. Rates and annual
percentage yields can be obtained by
calling our Personal Banking Department.
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.
For all Certificates
of Deposit with maturities of less than one year we will
impose a penalty equal to 90 days of interest if you
withdraw any of the deposited funds before the maturity
date.
One Year, 18 Month, Two Year, 30 Month, Three
Year, Four Year and Five 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
completing a Certificate Rate Adjustment Form. All Bump
Rate Certificate rules apply as explained on the
Certificate Rate Adjustment Disclosure Form. 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.
On all one year thru five
year Certificates of Deposit we will impose a penalty
equal to 182 days of interest if you withdraw any of the
deposited funds before the maturity date.
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 will 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.
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
noninterest-bearing account.
CD Transaction
Limitations
You cannot make additional
deposits to this account during a term (other than credited
interest). You cannot withdraw principal from 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.)
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 the early withdrawal penalty.
  
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