Short Term Certificates

These are fixed rate and fixed term certificates maturing under one year, with a minimum opening balance of $1,000. In order to earn interest, and keep the account open, a minimum balance of $1,000 must be maintained. Credited interest is compounded daily, calculated on a 365/360 day factor, and can be paid either monthly, quarterly, or at maturity. A statement will be mailed at the end of each calendar quarter. There will be a penalty of three month loss of interest on early withdrawals from the principal amount, which may reduce earnings.

 

 

 

 

 

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