Rates

Certificate of Deposit Account Disclosures

• The interest rate will be paid until the maturity date of your certificate, except for 18 Month Variable Rate Certificates or if you select the Excel-A-Rate Option.
• Additions to 18 Month Variable Rate Certificates are permitted in any amount at any time. Interest rate and annual percentage yield may change at any time at our discretion.
• Interest is compounded daily and will be credited monthly. Interest for Jumbo certificates will only be credited at maturity.
• Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
• All certificates will automatically renew at maturity. Except for Jumbo certificates, you will have seven (7) calendar days from the maturity date to withdraw funds without being charged a penalty. Jumbo certificates do not have a grace period and funds may only be withdrawn without a penalty on the maturity date.
• 7 Month certificates automatically renew at maturity to a 6 Month certificate at the rate in effect at the time of renewal. 
• After the certificate is opened, you may not make deposits (except for 18 Month Variable Rate Certificates where deposits are permitted) or withdrawals other than earnings until the maturity date.
• Interest can accumulate for compounding or be withdrawn by interest check or transferred to another deposit account.
• We use the daily balance method to calculate the interest on your certificate. This method applies a daily periodic rate to the principal each day.
• IRA Certificates of Deposit are available in terms ranging from 12 months through 60 months.
• If any of the deposit is withdrawn before the maturity date, a penalty as shown below will be imposed which could result in a partial loss of principal.