Deposit Products - Certificates of Deposit & Individual Retirement Accounts
Certificates of Deposits
- $1,000.00 Minimum deposit to open
- Interest credited quarterly
- Monthly or Quarterly checks available on amounts $2,500.00 or higher
- Terms of 3 months to 60 months
- Other Terms or Specials may also be available
- Subject to early withdrawal penalty
- Automatically renewable at maturity
- Each depositor insured to at least $250,000.00 by FDIC**
*SPECIAL NOTICE: All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31,2010, through December 31,2012. This temporary unlimited coverage is in addition to, and separate from the coverage of a least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes interest on Lawyers Trust Accounts(“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts. Visit www.fdic.gov.
IRA Accounts
- $1,000.00 Minimum deposit to open
- Interest credited quarterly
- Monthly or Quarterly checks available on amounts $2,500.00 or higher
- Terms of 3 months to 60 months
- Other Terms or Special may also be available
- Subject to early withdrawal penalty
- Automatically renewable at maturity
- Each depositor insured to at least $250,000.00 by FDIC
Deposit Rates are subject to change. For current rates call 419-238-9662 or view Rates on our web site.