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Certificates of Deposit

Safe, predictable and flexible. Certificates of Deposit are a great option if you’re looking to save money now and access it later.

With rates higher than those of savings accounts, our CDs offer terms as short as 3 months and as long as 5 years. At the date your CD matures, you have a 10-day grace period to decide what to do next and yes, your money continues to earn interest during that time.

Opening a CD account is easy:

  1. See the chart below and ensure a CD is for you
  2. Download our CD Account Checklist and ensure you meet all requirements
  3. Visit a branch and let’s get started!
Certificates of Deposit Special Certificate of Deposit
Minimum
$500.00
$5,000.00
Maximum
$50,000.00
$50,000.00
FDIC Insured
Up to $250,000.00
Up to $250,000.00
Interest Earning
  • Under 12 months – at maturity
  • 12 months and over – quarterly
  • Under 12 months – at maturity
  • 12 months and over – quarterly
Interest checks if term 12 months or over
Yes *
Yes *
Early Withdrawal Penalty
  • 12 months and under – 3 months interest
  • Over 12 months – 6 months interest
  • 12 months and under – 3 months interest
  • Over 12 months – 6 months interest

*Certain restrictions apply.

Certificate of Deposit Disclosure

Minimum balance to open the account – You must deposit a minimum of $500.00 to open this account.

Compounding and crediting frequency – Interest will be compounded and credited at maturity for terms under 12 months and quarterly for terms 12 months and over. This means that, for the purposes of computing interest, the interest that you have earned is added to your Certificate Balance at the time indicated, and interest from that date is based on the new balance. If you want, we will send you a check for interest at the time indicated, instead of compounding.

Minimum balance to obtain the annual percentage yield disclosed – The Annual Percentage Yield assumes interest remains on deposit until the Maturity Date. Withdrawals of interest prior to the Maturity Date will reduce earnings. If you close the account before accrued interest is credited, such interest will not be paid.

Daily balance computation method – We use the Daily-Balance method to calculate the interest on your account. This method applies a daily periodic rate to the certificate balance in the account each day.

Accrual of interest on non-cash deposits – Interest begins to accrue on the business day you deposit cash or noncash items (for example, checks).

Early withdrawal penalty – You may withdraw your Certificate Amount before the Maturity Date, but there will be a penalty. We will subtract the Loss of Interest Penalty from the amount we pay you as interest on early withdrawal. If you choose early withdrawal, you must withdraw the full certificate amount. Loss of Interest Penalty is 3 months interest for terms 12 months and under and 6 months interest for terms over 12 months.

Special Certificate of Deposit Disclosure

Minimum balance to open the account – You must deposit a minimum of $5,000.00 to open this account.

Compounding and crediting frequency – Interest will be compounded and credited at maturity for terms under 12 months and quarterly for terms 12 months and over. This means that, for the purposes of computing interest, the interest that you have earned is added to your Certificate Balance at the time indicated, and interest from that date is based on the new balance. If you want, we will send you a check for interest at the time indicated, instead of compounding.

Minimum balance to obtain the annual percentage yield disclosed – The Annual Percentage Yield assumes interest remains on deposit until the Maturity Date. Withdrawals of interest prior to the Maturity Date will reduce earnings. If you close the account before accrued interest is credited, such interest will not be paid.

Daily balance computation method – We use the Daily-Balance method to calculate the interest on your account. This method applies a daily periodic rate to the certificate balance in the account each day.

Accrual of interest on non-cash deposits – Interest begins to accrue on the business day you deposit cash or noncash items (for example, checks).

Early withdrawal penalty – You may withdraw your Certificate Amount before the Maturity Date, but there will be a penalty. We will subtract the Loss of Interest Penalty from the amount we pay you as interest on early withdrawal. If you choose early withdrawal, you must withdraw the full certificate amount. Loss of Interest Penalty is 3 months interest for terms 12 months and under and 6 months interest for terms over 12 months.

Open a Certificate of Deposit Account

Download our Savings Account checklist, which will help you gather the information required to open your account.
When you are ready, visit one of our convenient locations.

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NOTICE

The hyperlinks to other Internet sites are provided solely as a convenience to users of our Internet site. We have made a limited effort to determine that these links function properly. However, linked sites are not under our control, and we are not responsible for the contents of any linked site, or any link contained in a linked site. The inclusion of a link does not imply or constitute our endorsement, its ownership or management, the products or services it offers, or any advertisers or sponsors appearing on the linked web site.

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NOTICE

The hyperlinks to other Internet sites are provided solely as a convenience to users of our Internet site. We have made a limited effort to determine that these links function properly. However, linked sites are not under our control, and we are not responsible for the contents of any linked site, or any link contained in a linked site. The inclusion of a link does not imply or constitute our endorsement, its ownership or management, the products or services it offers, or any advertisers or sponsors appearing on the linked web site.

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