Description:
Certificates of Deposit are deposits made and maintained for specific time frames here at Community State Bank.
Requirements:
There is no minimum deposit required to purchase a certificate of deposit
Benefits:
- Account will earn interest at rate determined by Community State Bank.
- Interest will be compounded on a quarterly basis.
- Interest may be added to the principal or issued to the owner in check.
- Certificates are offered in a variety of maturities: 6 month, 12 month and 24 month
Cost:
Substantial Penalty for early withdrawal.
