Certificate of Deposit
For complete listing of services, rates, fees, and restrictions, please contact any customer service representative.
Explore Certificate of Deposit Accounts
Certificate of Deposit
| Opening Deposit |
Interest |
|---|---|
| $500 | Yes |
- This account is an interest-bearing account. The interest rate and annual percentage yield will not change for the term of the account.
- Compounding frequency: Interest will be compounded daily.*
- Crediting frequency: Interest will be credited to your account at maturity.*
- Accrual of interest on non-cash deposits: Interest begins to accrue on the business day you deposit.
- Daily balance computation method: We use the daily balance method to calculate the interst on your account. This method applies a daily periodic rate to the principal in the account each day.
- Automatic renewable time deposit.
- Limitations: You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date. If any withdrawal is made from this account, this account will be closed. No partial withdrawal allowed.
- Penalty for early account closing: 30 days interest under 6 months term, 90 days interest over 6 months term.
- Grace period: 10 days after the maturity date. Interest earned during the grace period will not be paid if automatically renewable CDs are redeemed.
- Non-automatic renewal: Interest will not accrue after maturity.
- For additional fees, see Miscellaneous Fees and Charges.
- Interest credited prior to maturity shall be calculated using simple interest compounding method.
Jumbo Certificate of Deposit
| Opening Deposit |
Interest |
|---|---|
| $100,000 | Yes |
- This account is an interest-bearing account. The interest rate and annual percentage yield will not change for the term of the account.
- Compounding frequency: Interest will be compounded daily.*
- Crediting frequency: Interest will be credited to your account at maturity.*
- Accrual of interest on non-cash deposits: Interest begins to accrue on the business day you deposit.
- Daily balance computation method: We use the daily balance method to calculate the interst on your account. This method applies a daily periodic rate to the principal in the account each day
- Non-automatic renewable time deposit.
- Limitations: You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date. If any withdrawal is made from this account, this account will be closed. No partial withdrawal allowed.
- Penalty for early account closing: 30 days interest under 6 months term, 90 days interest over 6 months term.
- Non-automatic renewal: Interest will not accrue after maturity.
- For additional fees, see Miscellaneous Fees and Charges.
- Interest credited prior to maturity shall be calculated using simple interest compounding method.