Online Banking HOME PRODUCTS & SERVICES CALCULATORS CONTACT US ABOUT US LOCATIONS Certificates of Deposit Minimum balance to open: $2,500 for three to six month terms. $500 for over six month term. Terms: Choose from terms of 3 months up to 5 years. Please contact the bank for our current rates. Interest Payments: Add back to certificate: At maturity only on 6 months terms or less. Quarterly over 6 months terms. Pay by check: Monthly, quarterly, semiannually, yearly. Pay by deposit: Monthly, quarterly, semiannually, yearly. Special Certificate: The Easy Riser Certificate has a term of 24 months. This certificate has a one time option to the customer to change the rate on their CD to the rate we are on a CD with a 24 month term. Penalties: We will impose a penalty if you withdraw any of the principal before the maturity date. For time deposits less than 12 months, one months interest on the amount withdrawn. For time deposits 12 months and over, three months interest on the amount withdrawn. Copyright 2015 Bank of Forest All Rights Reserved Lost or Stolen Debit Card? Call 1-800-500-1044 Reorder Checks | Privacy Policy | Internet Gambling Policy | Identity Theft and Phishing | Links