Certificates of Deposit provide an interest-bearing term investment which requires a relatively small deposit. Current Certificate of Deposit rates can be obtained by calling a Customer Service Representative near you. 

Rising Rate CD

Not Presently Offered.

Features:

• Guaranteed predetermined rate increases on every scheduled rate adjustment date;
• Interest is compounded quarterly and credited to the certificate quarterly. The customer may elect to receive their interest by check quarterly or deposited to their account quarterly;
• For deposits of $10,000 or more, interest may be paid monthly by check or deposit to an existing Checking or Savings Account;
• Twelve month term with an option to renew up to two additional twelve month periods, for a total term of three years;
• Automatically renewable at maturity;
• Certificate may be opened as a regular or IRA account;
• Option to withdraw funds, without penalty, at any twelve month rate adjustment date;
• Minimum balance of $2,500 must be maintained, even after a partial withdrawal at the twelve month adjustment date;
• Additional deposits are not permitted;
• Penalty for early withdrawal, consisting of the loss of nine month's interest - the principal portion of the Certificate can be invaded.
• Penalty will be waived if the account owner dies or is declared incompetent.

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Rate Watcher CD

Features: 

• Term can be 24 Month, 36 Month, 48 Month or 60 Month;
• Certificate can be opened as a regular account only - not as an IRA;
• Interest rate is fixed for the term of the deposit, except for one rate increase that can be initiated by the customer at any time during the term of the Certificate;
• Interest rate may be increased by the customer once during the term of the Certificate, to the interest rate in effect for a Rate Watcher CD for a like term;
• Interest is compounded quarterly, or can be paid by check or automatically deposited to an existing Checking or Savings Account;
• Interest payments may be made quarterly, semi-annually, or annually;
• For deposits of $10,000 or more, interest may be paid monthly by check or deposit to an existing Checking or Savings Account;
• Automatically renewable for the same term;
• Additional deposits of $1000 or more can be made at any time up to an amount equal to, but not greater than, the original deposit amount or the last renewal value. Additional deposits do not extend maturities and will earn the rate in effect at the time of the deposit;
• Penalty for early withdrawal, consisting of the loss of nine month's interest for a term of 24, 36, 48 or 60 Months.
• Penalty will be waived if the account owner dies or is declared incompetent.

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Health Fund CD

Features:

• Term is five years;
• Certificate can be opened by individuals only and only as a regular account - not as an IRA;
• Interest rate is fixed for the five year period;
• Interest is compounded and added to the account quarterly or is payable quarterly, semiannually, or annually by check or automatic deposit to a checking or savings account;
• For deposits of $10,000 or more, interest may be paid monthly by check or deposit to an existing Checking or Savings Account;
• Automatically renewable for the same term;
• Additional deposits are not permitted;
• Withdrawals to cover medical expenses are permitted, without penalty;
• Withdrawals must be a minimum of $500;
• A minimum balance of $1,000 must be maintained in the account;
• Penalty for early withdrawal for non-medical purposes, consisting of the loss of nine month's interest;
• Penalty will be waived if the account owner dies or is declared incompetent.

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IRA Money Index Account

Features:

• Minimum deposit of $10;
• The interest rate is variable. Interest rate is subject to change monthly when the new index value becomes available. Interest will equal the monthly auction average for 3-month U.S. Treasury Bills (the index), less 75 basis points;
• Interest payments compound quarterly and are tax-deferred until withdrawals begin by the customer;
• There is no term associated with this account;
• This account is strictly for the investment of IRA funds;
• Additional deposits are permitted, based upon the customer’s total maximum contributions made to this account and any other IRA account;
• A record of transactions will be maintained in the form of a passbook;
• Withdrawals must begin by age 70½.

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Term CDs:

CD Terms:

*The features of the 3-5 Month 6-8 Month, 9-10 Month, 11 Month, 30 Month and 42 Month CDs are different than the other term CDs.

Features:

• The interest rate is determined according to the amount of the deposit;
• Certificate can be opened as a regular account or as an IRA;
• Interest is compounded quarterly, or may be automatically deposited to your existing Checking or Savings Account quarterly, semi-annually, or annually;
• Interest rate is fixed for the term of the CD;
• For deposits of $10,000 or more, interest may be payable monthly by check or automatic deposit to a checking or savings account;
• Automatically renewable for the same term;
• Additional deposits are not permitted;
• Penalty for early withdrawal will consist of the loss of all interest equal to the term of the deposit if the term is three to six months, the loss of six months interest if the term is seven to eleven months, or the loss of nine months interest for term is twelve months or more;
• Penalty will be waived if the account owner dies or is declared incompetent;
• Penalty may be waived if an IRA or Keogh account is closed and the customer is at least 59½ years old or is disabled;

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3 - 5 Month , 6 - 8 Month , and 9 - 10 Month CD

Features:

• The interest rate is determined according to the amount of the deposit;
• Interest payments may capitalize quarterly or may be transferred to the customer's Checking or Savings account quarterly with final interest payment at maturity;
• Interest payments may be made monthly by check, or transfer to the customer's Checking or Savings account, if the balance of the Certificate exceeds $10,000;
• Renews automatically;
• Certificate may be opened as regular or IRA account;
• Penalty for early withdrawal, consisting of the loss of all interest equal to the term of the deposit if the term is three to six months, the loss of six months interest if the term is seven to eleven months.

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11 Month CD

Features:

• The interest rate is determined according to the amount of the deposit;
• The interest rate is fixed for the term of the Certificate and is calculated using the daily balance method;
• Interest is compounded quarterly; OR is payable quarterly or semi-annually by check or automatic deposit to a checking or savings account;
• For deposits of 10,000 or more, interest may be payable monthly by check or automatic deposit to a checking or savings account;
• Automatically renewable for the same term;
• Additional deposits are not permitted;
• Penalty for early withdrawal will consist of the loss of six months’ interest;
• Certificate may be opened as a regular or IRA account.

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30 Month and 42 Month CD

Features:

• Certificate may only be opened as a regular account. Cannot be an IRA Account;
• The interest rate is determined according to the amount of the deposit;
• The interest rate is fixed for the term of the Certificate and is calculated using the daily balance method;
• Interest is compounded quarterly; OR is payable quarterly, semi-annually or annually by check or automatic deposit to a checking or savings account;
• For deposits of 10,000 or more, interest may be payable monthly by check or automatic deposit to a checking or savings account;
• Automatically renewable for the same term;
• Additional deposits are not permitted;
• Penalty for early withdrawal will consist of the loss of nine months’ interest;
• Penalty will be waived if the account owner dies or is declared incompetent.

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Special Contract CD / Special Contract IRA

• Consideration will be given to issuing CDs that do not meet the normal term or interest rate criteria;
• These CDs will be negotiated on an individual basis