No charge to customers. A penalty may be assessed for early withdrawal for CDs with a term of one year or less, the penalty is 90 days interest. This tax-deferred account is used by individuals with earned income as a means to save for retirement years. Several plans are available, either with fixed or variable interest rates. An interest-bearing account where funds are readily accessible.
Interest is compounded and paid to account monthly.
A variable rate, interest-bearing savings account with unlimited deposit and special withdrawal features. Available to individuals, businesses, non-profit organizations and government agencies.