Personal Deposit Accounts

TIME DEPOSIT

Certificate of Deposit  
Eligibility: Individuals, Sole Proprietor, Non-Profit Organization
Minimum Opening Deposit: $5,000.00
Average Balance: See Service Fees and Requirement
Combined Balance: N/A
Interest: Fixed interest rate for fixed terms, ranging from less than 1 month to 36 months.
Service Fees and Requirements: Penalty may be imposed for early withdrawal. Term less than 30 days, the penalty is 7 days' simple interest, 1 month to 12 months term, the penalty is 1 month’s simple interest, over 12 months term, the penalty is 3 month’s simple interest on the amount withdrawn.