Certificate of Deposit Features Guide
| Interest Rate | |
| APY | 5.31% |
| Term Length | 12 Month |
| Minimum deposit amount | $500.00 |
| Maximum deposit amount | $500,000.00 |
| Balance Requirements | |
| Minimum Opening Deposit | $500.00 |
| Minimum Balance to Avoid Fees | - |
| Minimum Required Balance | $500.00 |
| Fees | |
| Early withdrawal penalty | Six Months of Interest |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | N/A |
| Incoming Wires | N/A |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
| Statements | |
| Paper Statements | × |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
Account Description
• No additional deposits are permitted after initial deposit.
• The minimum balance for all CDs is $500, and the maximum deposit is $250,000.
• Fees could reduce the earnings on the account.
• These accounts are subject to an early withdrawal penalty.
• All accounts are subject to a 7 days interest penalty if withdrawal occurs within 6 days of account opening.