$1 monthly service charge if balance falls below $10
6 withdrawals per month, $1 service charge for each withdrawal over 6
Interest is paid in May & November
$5000 minimum deposit to open
Interest bearing with $500 minimum balance
Interest is tiered and subject to change weekly
$5 monthly service charge if balance falls below $5000
$300 minimum withdrawal amount per transaction
Maximum 6 withdrawals per month, all may be by check
Business Certificate of Deposit
A certificate of deposit (CD) is a time deposit, similar to savings account. A CD has a specific, fixed term (often three months, six months, or one to five years), and, usually, a fixed interest rate. It is intended that the CD be held until maturity, at which time the money may be withdrawn together with the accrued interest.
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