This is an interest bearing time deposit and is for those customers wishing to invest their funds. CDs may be established under the name of individuals, partnerships, corporations, organizations, public funds, or a trust.

Minimum deposit of $1000.00 to open the account.

The account is for a predetermined length of time, i.e. six (6) months or twelve (12) months.

If you withdraw any of the principal amount before the maturity date, a penalty of an amount at least equal to 30 day’s interest earned, or that could have been earned at the rate being paid on the CD will be imposed.