Certificates of Deposit
| Products | Certificates of Deposit | Save$um Kid's CD |
| Features | Offer a fixed interest rate for a specific period of time. | Gives children an opportunity to earn a higher interest rate. |
|---|---|---|
| Balance to Open | $500 | $250 |
| Interest Rate |
See Rates | See Rates |
| Minimum Balance to Earn Interest | $10.00 | $10.00 |
| Terms | 3 Months - 5 Years |
6 Months |
| Early Withdrawal Penalty* |  |
|
| Interest Frequency | Monthly | Monthly |
| Online Banking Access | View only | View only |
| Automatic Renewal | |
|
* A penalty may be imposed for withdrawals before maturity:
- The fee we may impose will equal all interest that could have been earned for the remainder of the term. This could result in the loss of Principal.
- If the withdrawal is made within the first six days after the deposit, we will impose a penalty of seven days interest on the amount withdrawn subject to penalty.
In this section:
- Personal
- Business
- Online
- Other
