• Minimum Balance to Open Account is $500
• Account Terms

  • 12 Month Automatically Renewable Certificate of Deposit
• Transaction Limitations:

  • Unlimited deposits not to exceed allowable contribution
• Early Withdrawal Penalties:

  • No withdrawal penalties or fees imposed if person is 591/2 or older
  • Partial distribution fee if under 591/2 - $25.00
  • Closing account fee if under 591/2 - $50.00
  • If account is closed before maturity of 12 month CD, a penalty of six months interest may be imposed if under 591/2
  • If the Certificate of Deposit is closed before the maturity date, an early withdrawal penalty will be imposed
• Automatic Renewal

  • Certificates of Deposit automatically renew upon maturity, to prevent renewal, send written notice or contact us within the ten (10) calendar day grace period
• You must maintain a minimum balance of $1 in the account each day to obtain the disclosed annual percentage yield.
• Interest is Credited annually*
• The Daily Balance Method is Used to Calculate Interest on This Account. This method Applies a Daily Periodic Rate to the Principal in Your Account Each Day.*

*Interest Rate Changes: The interest rates and annual percentage yield may change on any of these accounts quarterly.
-Mandatory distribution at 70 1/2
-Cannot withdraw from a Roth IRA for 5 years after opening

Please contact our representative for any questions.