Other services

CERTIFICATE OF DEPOSIT: CDs have a $2,500.00 Minimum Deposit and are subject to penalty for early withdrawal.

We offer the following instruments:

6 Month Maturity
12 Month Maturity
18 Month Maturity
24 Month Maturity

Interest will compound semi-annually on CD's with terms over 6 months unless you elect to have your interest paid directly to before final maturity. ***Election to receive interest payment before final maturity may affect the Annual Percentage Yield on your account.

IRA'S: $100.00 Minimum Deposit. IRAs are put into a 12 Month Certificate /Auto renewable.
Interest rate will be the current 6 Month Certificate of Deposit Rate. Interest is paid and compounded semi-annually. IRA contributions are tax-deductible based on adjusted gross income. Interest earned is tax deferred. Penalty for early withdrawal.
At our discretion Interest Rates may change at any time.

Penalties for early withdrawals include:
-For CDs with maturities of one year or less, the penalty will be one month's interest on the
amount withdrawn.
-For CDs with maturities of more than one year, the penalty will be three months' interest on the amount withdrawn.
-Withdrawal of interest prior to maturity: The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

WE UTILIZE THE DAILY BALANCE METHOD TO CALCULATE INTEREST ON ALL INTEREST BEARING ACCOUNTS. We will begin to accrue interest on the first business day after the banking day you deposit noncash items (for example, checks).

SEE CURRENT RATE SHEET FOR ANNUAL PERCENT AGE YIELDS.

**(fees may affect your APY)

VARIABLE RATE ACCOUNTS At our discretion Interest Rates may change at any time.

For current rates or more information, contact Margarite Marshall at 405-643-2305