High yield investments with specified maturities. Interest rate is fixed.

Features

• Available in a variety of maturities and rates: Investment Period: 1 month, 3 months, 6 months, 12 months (1 year), 18 months, 24 months (2 years), 36 months (3 years), 60 months (5 years)
• Fixed rates available on all CD?s
• CD?s automatically renew at current posted market rates on day of maturity
• Various interest payment options available: Compound (add back to CD), Mail check, Deposit to an account (dda, mma, savings). Depending on term of investment, this may be handled monthly, quarterly, semi annually or annually.
• Current interest rates are subject to change daily
• May be used as collateral for a loan
• Funds are insured up to $250,000 per account holder

Benefits

• Allows you the flexibility in deciding the investment period needed to meet your specific financial needs
• Provides a convenient method of renewing CD?s without communicating instructions to the Bank upon maturity
• Allows for investment opportunities which reflect your view of the market direction
• Allows flexibility in managing cash flow
• A competitive rate of interest is paid which reflects current market rates
• Expedites loan processing
• Provides flexibility in determining investments
• Offers you added security

Details

• Minimum balance of $1,000
• Penalty for early withdrawal based on amount withdrawn, interest rate and length of CD.