Certificates of Deposit*
| Certificates of Deposit | Minimum Balance Required | Term | Interest Payment Method | Renewal Process |
| Short-term CDs | $2,500 | 3 months and 6 months | Interest is paid on maturity by your choice of one of the following methods:
|
Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity. |
| Long-term CDs | $1000 | 12 months to 60 months | Interest is paid monthly or annually by your choice of one of the following methods:
|
Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity. |
| No Excuse Savers Club | $50 | 12 month | Interest is paid monthly or annually by your choice of one of the following methods:
|
Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity. |
| SmartStep CD Ideal for the investor desiring more flexibility with a one-time option to increase the interest rate during each 24-month term. |
$2,500 | 24 month | Interest is paid monthly or annually by your choice of one of the following methods:
|
Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity. |
| All terms and conditions are subject to change. Notice will be provided as required by law. Members receive renewal notification no less than 20 days prior to maturity. | ||||
* Early Withdrawal Penalty - Accounts will be cancelled if the balance drops below the minimum amount required for the term of the account and an early withdrawal penalty may apply. Early withdrawal penalty for account terms of 12 months or less is 90 days of interest(whether earned or not); 180 days interest (whether earned or not) for accounts with terms longer than 12 months.
