Our CDs range from 3 months to 60 months. Interest begins to accrue on the business day of your deposit for any CD option. However, there are early withdrawal penalties, depending on the certificate term. Each certificate is for a specific time at a fixed rate.
Interest is compounded quarterly.
Annual percentage yield for above certificate of deposit investments is based on quarterly compounding of interest. Rates are subject to change. Fees could reduce the earnings on the above accounts. All Certificates of Deposit automatically renew and do not accrue interest after final maturity. The rate itself is determined by the time invested.