Certificates of Deposit

Features

• Available to individuals, partnerships, corporations and other organizations with funds to commit for specific terms
• Minimum deposit of $2,500
• Terms are in months; 1 month, 2 month, etc.
• Interest rates vary according to the deposit amount and term
• Interest payment options are flexible
• At maturity, certificates are automatically renewable for the same term at the then prevailing rate
• Substantial penalty for early withdrawal