The interest rate is established depending on the amount, and will remain fixed
during the term of the CD. Interest is paid at maturity and can be transferred
to your account on a monthly basis, if your deposit is of at least $50,000 and
has a tenor of one year or more. There is a substantial penalty for early
withdrawal of funds. These deposits are FDIC insured.
Term
Amount
7 days (minimum)
$50,000.00
30 days
$10,000.00
• Interest rate is determined at contract date of the new or renewed CD in
accordance with market conditions. The rate will be fixed during the term of
the CD.
• Automatic renewals upon request.
• Money Market rates will apply for CDs offered below the minimum requirements.
Variable Rates
• Minimum term is 7 days with a minimum deposit of $50,000.
• Interest rate will vary as frequent as agreed at contract date of the CD and
it will be determined on rates available on the Eurodollar market.
• Money Market rates will apply for CDs offered below the minimum requirements.
