Certificates of Deposit

Maximum earning time deposit with guaranteed rate of return.  Except for certain special offers, all certificates require a minimum deposit of $500.  We offer the following terms:

31 days	182 days	18 months
91 days	12 months	30 months
		60 months

We pay interest at maturity for short-term certificates.  For longer terms, at your option, we can compound your interest quarterly, credit it to another account, or mail a quarterly check to you.  Rates are fixed for the term of the certificate.  If you desire, we will automatically renew your certificate at maturity at the current rate of interest, and give you 10 calendar days to change the term or value without being charged a penalty. If you have to withdraw from or close a CD prior to the maturity date, there will be a penalty for one month’s interest on the amount of withdrawal for CDs up to one year in term. For those CDs of one year or more, there will be a three-month interest penalty on the amount of the withdrawal.

MAXGold 50+ account holders may receive a .25% bump in new regular CD rates, to be specified upon opening. See Deposit Rates.

Special CDs

If market conditions allow, we may pay a negotiated rate on CDs greater than $100,000. This does not include aggregated accounts. Rates are available upon request from the Walton office, and are good for that day only. All rules as indicated above are in effect for these special CDs.

From time to time, the bank, at its discretion, may offer a special rate for a limited period of time. These accounts, as well as the jumbo CD accounts, will run for a single maturity only, and will earn nothing after the maturity date until the customer negotiates a new CD. See Deposit Rates.