Regular Business Hours

  • Monday-Thursday:
  • 9 am - 5 pm
  • Friday:
  • 9 am - 6 pm
  • Saturday:
  • 9 am - 12 pm
  • Sunday:
  • Closed

Certificates of Deposit

Certificates of Deposit are a safe way to earn a guaranteed rate of return which is higher than regular savings account yields. A minimum deposit of $500.00 is required. You may select from 6 month to five years. Watch for our "SPECIAL" CD rates. Deposit new funds or transfer existing funds to take advantage of these higher yield accounts. Contact us for current rates

Maturity

We will notify you 30 days before your CDs maturity date. You have 10 calendar days after maturity to either renew your CD or withdraw your funds. If no decision is made within the 10 days, your CD will automatically renew at the current rates.

Interest

Interest on your CDs is compounded on a monthly basis, which makes your earnings grow even faster! If you prefer, interest earned may be deposited into your Savings or Checking Account monthly.

Facts

Share Certificates Withdrawls & Penalties

Government regulations require a substantial penalty for failure to comply with share certificate requirements. Should you withdraw funds prior to maturity, the penalty will be as follows: If the qualifying period is one year or less, you will forfeit an amount equal to the lesser of (a) all dividends for 90 days on the amount withdrawn, or (b) all dividends on the amount withdrawn since the date of issuance or renewal. If the qualifying period is greater than one year, you will forfeit an amount equal to the lesser or (a) all dividends for 180 days on the amount withdrawn, or (b) all dividends on the amount withdrawn since the date of issuance or renewal. Penalties will not be applied if withdrawal is because of death of an owner of the Certificate. Should the balance of the Certificate fall below the required minimum penalties will be imposed and Certificate closed. A penalty may result in a loss of part of the principal.