 |
| Term of the Certificate |
10 months |
| Minimum Investment |
$2,500 |
| Minimum Balance |
There is a required minimum balance of $2,500. |
| Floor Rate |
The floor rate refers to the rate given at the time the CD is opened and will be guaranteed until maturity date. |
| Renewal |
A one time automatic renewal at the same or higher published rate. |
| Early Withdrawal |
The investor may make one withdrawal of all or any part of the CD at any time after the first seven days of deposit without incurring any early withdrawal penalty. The account will be closed if the withdrawal causes the balance of the CD to drop below the $2,500 minimum required balance. |
| Penalties |
Withdrawals subsequent to the first withdrawal (Early Withdrawal) will be subject to the standard penalty if funds are taken out during the term of the CD. |
| FDIC Insurance |
FDIC Insurance coverage to $250,000. |
| CD |
Certificates of Deposit. |
