Easy Access Certificates of Deposit permit the withdraw of funds without penalty after the first seven (7) days following the initial purchase. Minimum Deposit - $1,000.00 is required to open this account.

Term - The term for this account is eleven (11) months.

Interest - Interest is paid on the account until the maturity date. Interest is compounded monthly and credited to the account monthly. Interest begins to accrue on the business day you deposit noncash items (for example, checks). We use the daily balance method to calculate the interest on the account. This applies a daily periodic rate to the principle in the account each day.

Renewal - This account automatically renews at maturity.

Deposits and withdrawals - No deposits or withdrawals are permitted on the account.

Early Withdrawal Penalty - If any of the deposit is withdrawn during the initial seven (7) days, a penalty of three (3) months interest will be imposed.

See our Deposit Rate Schedule for current terms and rates.