Certificates of Deposit

A Certificate of Deposit is a deposit where you contract to leave your money on deposit for a specific period of time at a specific rate. Generally, the longer the money is left on deposit, the higher the interest rate. Substantial penalties exist for withdrawal prior to the maturity date.

• Minimum opening deposit, as stated in Rate Chart
• Flexible maturities of 30 days to 10 years
• Automatically renewable
• May be used as collateral
• Competitive interest rates paid
• Interest may be added to the time deposit, paid by check, or deposited into another checking or savings account
• There may be a substantial penalty for early withdrawal
• Balances generally insured up to $250,000 per ownership category by the FDIC
• You must maintain a minimum balance in the account each day to obtain the disclosed annual percentage yield, as stated in Rate Chart

Easy Saver Certificate of Deposit

• Save for Christmas, vacation, real estate taxes, or special occasion
• Minimum opening deposit is required
• Certificate is designed to accept automatic transfers from Citizens checking in the amount of $5.00 or more weekly, biweekly, or monthly
• Interest will not compound
• Interest will be credited at maturity
• Interest rate and annual percentage rate are included in the Rate Chart
• Interest rate is fixed for term of certificate
• You must maintain a minimum balance, as stated in the Rate Chart, in the account each day to obtain the disclosed annual percentage yield
• There may be a substantial penalty for early withdrawal