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Business Banking |
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Certificate of Deposit |
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Fixed Maturity TCD |
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Features
Savings for after retirement. additional deposits
allowed
Minimum Balance to
Open
$ 1,000
Terms
7 days to 5 years
Rate Information
Rate is fixed during the term
Early Withdrawal Penalty
(Varies by the term)
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Over 1 year : 3 months simple interest |
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32 days to 1 year : 1 month simple interest
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7-31 days or less : whichever is greater
of the following |
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- Accrued interest for half of the term |
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- All accured interest |
Seven (7) days interest on the amount withdrawn
will be imposed if withdrawn within six (6) days
from opening, partial withdrawal or additional deposit
all TCDs.
Please refer to Center Bank’s "Truth in Savings
Disclosure" for more detailed information |
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