A three month interest penalty will be assessed on CD's over a year. This early withdrawal penalty may invade principal. There are no maintenance fees that apply to certificates of deposit. Complete account disclosures, with current annual percentage yield information, are available upon request. There are no annual maintenance fees.
Interest is compounded daily and paid at maturity.
Penalties for early withdrawal vary depending upon the original term of the certificate. A three month interest penalty will be assessed on IRA's with a final maturity of over one year. These early withdrawal penalties may invade principal. Complete account disclosures, with current annual percentage yield information, are available upon request. Instead of getting a bulky envelope full of canceled checks each month, you will receive an easy to read laser image of your deposit slips and checks in numerical order.