CD (Certificate of Deposit)

Benefits:

• $500 minimum to open
• Term – 6 month, 1 year, 18 month, 2 year, 3 year, 5 year
• Interest bearing account (compounded and paid monthly)
• Interest if transferred monthly to members savings account
• Penalty for early withdrawal from 180 days up to 365 days
• Partial withdrawal penalties – only pay penalty on amount withdrawn
• Monthly CD renewal notifications by mail