Business Investing

Certificate of Deposit

Fixed Rate Information
  • Call 979-732-2332 for current rates.
  • You will be paid this rate until maturity.
Compounding and Crediting
  • Interest will be compounded daily and will be credited to your account as directed.
  • The annual percentage yield assumed interest will remain on deposit until maturity.
  • A withdrawal will reduce earnings.
  • If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding.
  • Interest will be paid quarterly,annually, or at maturity as you direct.
Minimum Balance Requirements
  • You must deposit $500.00 to open this account.
  • You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.
  • You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
Balance Computation Method
  • We use the daily balance method to calculate interest on your account.
  • This method applies a daily periodic rate to the principal in the account each day.
Accrual on Noncash Deposits
  • Interest begins to accrue on the business day you receive credit for the deposit of noncash items (for example: checks).
Transaction Limitation
  • You may make deposits into or withdrawals from your account until the maturity date.
  • You may withdraw interest earned during the term without penalty, but if it is not withdrawn, it will be added to the principal for the renewed term.
Early Withdrawal Penalty
  • If you withdraw any of the deposited funds before the maturity date, a penalty will be imposed.
  • For certificates having a maturity of one year or less, the penalty will be 30 days interest.
  • For certificates having a maturity over one year, the penalty will be 90 days interest.
  • The penalty will be deducted after interest has been credited on the date of withdrawal.
Renewal Policies
  • Your account will automatically renew at maturity.
  • You will have a grace period of ten calendar days after the maturity to withdraw the funds in the account without being charged an early withdrawal penalty.
Current Rate Information
  • The rate(s) and annual percentage yield(s) disclosed above were offered and accurate within the most recent seven calendar days.
  • To obtain current rate and percentage yield information, please call 979-732-2332.

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