Non-Renewable CD

 

Diversify your portfolio with a non-renewable certificate of deposit. It offers a competitive interest rate to help you meet your short-term investment needs.

Rate Information
View our current rate information or contact us for promotions.


Compounding and Crediting
Interest will be credited at maturity. Interest will not compound during the term of the account. This account is non-renewable and will cease to pay interest at maturity.

If you close your account before interest is credited, you will not receive the accrued interest.

Minimum Balance Requirements
You must deposit $100,000.00 to open this account.

Balance Computation Method
We use the daily balance method to calculate the interest on your account. This method applies a periodic rate to the principal in the account each day.

Accrual of Interest on Noncash Deposits
Interest begins to accrue no later than one business day after we receive credit for the deposit of noncash items (for example, checks).

Transaction Limitations
You may not make deposits into or withdrawals from your account until the maturity date.

Time Account Disclosures
We may impose a penalty if you withdraw all of the principal before the maturity date. The fee imposed will equal all of the accrued interest, with a minimum of seven days interest. The principal amount may be reduced to pay the penalty.