to maintain higher balances and no immediate need to access their funds
||$500 and above
(depending on the term)
||CD rate based on
term. Terms less than one year paid at maturity without compounding.
Terms one year & greater compounded and paid quarterly.
||Terms one year
or under -- 90 days penalty for early withdrawal. Terms greater than
one year -- 180 days penalty for early withdrawal.
automatically renewable. Interest can be added back to CD, paid by check,
or deposited to customer's account.