Certificate of Deposit

 

Elevate Your Savings

Business - Certificate of Deposit

  • CD Terms: 6 Mo.; 12 Mo.; 24 Mo.; 36 Mo.; 48 Mo.; 60 Mo.
  • Opening deposit: $1,000
  • Interest: Yes, Tiered Interest Rate
  • Early Withdrawal Penalty: Yes9
  • Grace Period after maturity: 10 days
  • Maturity Notice: Yes
  • Automatic Renewal: Yes10,11

 

9 CD withdrawal or closure prior to maturity: CD term less than 12 months or less, 30 days interest penalty; CD terms over 12 months, 90 days interest penalty. Withdrawal penalty may reduce earning and principle balance

10 Auto renewal rate is based on the interest rate bank offered at the maturity period; CD will auto renewal into the same term as the matured CD

11 Certificate deposit interest may be credited to the CD or other Loyal Trust Bank savings or checking account. Saving for your financial future is only one phone call away.