Regular Certificates of Deposit
- 6 months - .80% APR (.80% APY)
- 12 months - 1.00% APR (1.00% APY)
- 24 months - 1.00% APR (1.00% APY)
- $1,000 minimum amount to open
- $250,000 maximum balance allowed
- No additional deposits allowed
- 90 day interest penalty for early withdrawal if closed prior to maturity date
- No IRA Certificates available
- Funds can be used as collateral on loans
- Earned dividends may be withdrawn without penalty
- Earns a higher dividend rate then a share savings account
- At maturity CD is closed and funds transferred to savings account