Minimum required deposit is $1000.00. We use the daily-balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest is credited to your account semi-annually by either compounding, depositing to checking or savings account, or by an interest check. The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest prior to maturity will reduce earnings.

After the account is opened, you may not make deposits into this account until the maturity date. If any of the deposit or interest is withdrawn before the maturity date, a penalty as shown below may be imposed for early withdrawal. 

This account will automatically renew at maturity. You will have ten (10) calendar days from the maturity date to withdraw your funds without being charged a penalty.

Term	Early Withdrawal Penalty
CD's maturing in 12 months or less	1 month's interest
CD's maturing in more than 12 months	3 month's interest

Additional fees, may be assessed against your account.