Instant Interest

Certificate of Deposit

*Annual Percentage Yield (APY) as of March 27, 2023, and subject to change without notice. The minimum opening deposit is $50,000. Initial Certificate of Deposit (CD) term is 7 months. Interest is paid for the term of the CD at account opening. Interest may not be added to the principal of the CD and is not compounded. Partial withdrawals prior to the maturity date are not allowed. Early withdrawal of the CD will result in a penalty equal to the amount of interest paid at account opening and will be deducted from the principal of the CD at the time of withdrawal. Fees may reduce earnings. Upon maturity, Certificate of Deposit (CD) will automatically renew for an additional 6 months, rates and terms may change. We send a maturity notice prior to renewal. Interest for the renewal term is not eligible for an Instant Interest payment upon renewal. APY is available for consumer and business accounts. CD available for new deposits to the bank only and account opened on or before June 30, 2023.