Certificate of Deposit
Certificate of Deposit (CD) is a formal receipt issued by the bank for an amount of money deposited to the bank for a specified amount of time, known as a term. CDs are also referred to as Time Deposits. You must deposit at least $1,000 to open this account. It is an interest bearing account that compounds and credits interest monthly. Standard terms available are 6, 12, 18, 24, 30, 48, and 60 months. Please refer to our current rate sheet for the Certificate of Deposit interest rates.
CD Specials are offered periodically with different terms, rates, and conditions. They may be offered and discontinued at any time. Currently we are offering 1 CD Special:
Rock Solid Certificates have the opportunity to make unlimited deposits in increments of $10.00 or greater. Maximum deposit balance $25,000.00. Limit of one Rock Solid CD per social security number. One withdrawal per calendar year up to 75% of principal balance without penalty during original term. CD renews into a 24 Month CD.