Certificates of Deposit
|Products||Certificates of Deposit||Save$um Certificate of Deposit|
|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|
|Minimum Balance to Earn Interest||$10.00||$10.00|
|Terms||3 Months -
|Early Withdrawal Penalty*|
|Online Banking Access||View only||View only|
* 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is made within the first six days after the deposit, we will impose a penalty of seven days interest on the amount withdrawn subject to penalty.