- Fixed rates
- Provides more guarantee than other risky investments
- A wide range of terms available (from 3 months to 5 years)
- Early withdrawals subject to penalty*
- $500 minimum deposit to open ($2,000 minimum deposit to open 3-month certificates)
- Special “Step Up” certificates available, which allow you to step up the rate on your certificate**
- Available one time during the term of the certificate
- Terms vary from 2 to 5 years
- $2,500 minimum balance to open Step Up Certificate
- No setup or maintenance fees
*Early withdrawals will result in 90 days loss of dividends for 6-month certificates and 180 days loss of dividends for 1-month to 5-year certificates.
**New rate must be in effect on the date requested for certificate rate to be increased and must be the same term as the original. This does not extend the maturity of the certificate.