Product Information
- Certificate of Deposit interest rates are fixed for the term of the account and may change during grace period
- The Certificate of Deposit annual percentage yield assumes monthly compounding and that interest remains on deposit until maturity
- Interest added to the account is not principal until at which time the account matures
- Additional deposits are not allowed unless made in the 7 day grace period after maturity
- The accounts will not earn interest during the grace period if a withdrawal is made
- A penalty will be imposed for early withdrawal