CDs under $100,000
Minimum Opening Balance: $500
Interest: Fixed rate for term of CD
Interest Paid: Under $5,000, interest paid quarterly. $5,000 and over interest paid monthly. Interest can be capitalized, paid into an account or paid by check.
Renew or Non-Renew: CDs can be set up to automatically renew or pay upon maturity.
Terms: 3 Months, 6 Months, 12 Months, 18-29 Months, 30 Months
Early Withdrawal Penalty: One month interest if term is 12 months and under. Three months interest if term is over 12 months.
CDs $100,000 and Over
Minimum Opening Balance: $100,000
Interest: Fixed rate for term of CD
Interest Paid: Interest is paid monthly. Interest can be capitalized, paid into an account, or paid by check.
Renew or Non-renew: CDs can be set up to automatically renew or pay upon maturity.
Terms: 14 to 30 Days, 31 to 60 Days, 61 to 90 Days, 91 to 180 Days, 181 Days to 1 Year, 1 Year
Early Withdrawal Penalty: One month interest.