Rates change at management’s discretion. CD’s 30,91 and 182 days, 12,18,24,30,36,42 and 60 months are available.  Interest is calculated on a simple interest basis and paid  quarterly. Monthly checks can be issued on CDs of $10,000 or over.  Interest will be capitalized on a quarterly basis. An early withdrawal penalty of the loss of three month’s interest is assessed on CD’s pf 12 months or less. A six month penalty is assessed on CDs of over 12 months. A twelve month penalty is assessed on CDs that are 60 months and over.

 

6/12/08 SK SP