The interest rate is fixed for the term of the CD. Interest begins to accrue no later than the business day the bank receives the deposit of non-cash items (for example, checks). We use the daily balance method to calculate interest on your account.

A $5,000 minimum balance required to open and earn the annual percentage yield (APY). The APY assumes interest remains on deposit until maturity. A withdrawal prior to maturity will reduce earnings.

After the CD account is opened, you may not make deposits into the account until the maturity date.

Interest will be compounded and paid to the CD quarterly and at maturity.

You may make partial withdrawals of $500 or more from principal without redeeming the CD, provided the balance after the partial withdrawal is $1,000 or more. Any funds withdrawn prior to maturity may be subject to review prior to disbursement, which may cause a delay in availability.

CD accounts will automatically renew at maturity into a different CD of a similar term. You have a grace period of 10 calendar days, starting the day after your maturity date, to withdraw funds without being charged a penalty.

Early Withdrawal Penalty: In the event the bank, at its option, permits payment of a CD, in whole or in part, before its stated maturity, you will be required to pay a penalty based upon the maturity period and/or balance of the CD.

CDs are non-negotiable and non-transferable.

For additional details, refer to your Agreements and Disclosures. Refer to our rate sheet or ask for current rate information. Interest rates listed on the rate sheet are subject to change at the discretion of the bank.