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60 months or more - early withdrawal penalty will equal 365 days interest on the amount withdrawn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6 months to 59 months - early withdrawal penalty will equal 182 days interest on the amount withdrawn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182 days or less - early withdrawal penalty will equal 91 days interest on the amount withdrawn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