- All Certificates of Deposit have a minimum deposit of $500 to open the account and earn interest
- A monthly check or transfer of interest is permitted on certificates with a minimum balance of $5000 and a term of 6 months or more
- Interest is compounded semi-annually on all Certificates of 1 year or more
- On Certificates of less than 1 year, interest will be compounded at maturity
- On 7 day ready Access Certificates, interest will be compounded at maturity
- Early withdrawal of principle penalties vary with the term of the certificate
- 60 months or more - early withdrawal penalty will equal 365 days interest on the amount withdrawn
- 6 months to 59 months - early withdrawal penalty will equal 182 days interest on the amount withdrawn
- 182 days or less - early withdrawal penalty will equal 91 days interest on the amount withdrawn
- 7 day ready access - no penalty for early withdrawal after first seven days of opening the account