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Certificates of Deposit (CD’s)
Account Description: Certificates of Deposit are used
by consumers and businesses alike to maximize their earnings on funds. CD's
offer higher rates than interest bearing checking accounts because the
customer agrees to keep the money in the bank for a specified period
Requirements:
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Minimum deposit of $1,000.00 to open regular CD
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Minimum deposit of $100,000.00 to open Jumbo CD
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Benefits:
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Automatically Renewable |
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Interest compounded monthly |
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Interest credited monthly – your choice of three
different ways
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Credited to CD balance |
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Credited to a selected account |
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By Check |
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Withdrawal Limitations:
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Penalties may be assessed for early withdrawals
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