Certificates of deposit are a reliable way to save for your future with varying maturities and competitive rates. Please contact us for rate information. We offer a number of CD programs.
Fixed Rate CDs
The flexibility and guaranteed interest rate offered by CDs makes them a popular choice for anyone wanting to maximize their return. Anytime you have a minimum of $500 that you can lock up for at least 30 days, you can profit from a CD. Speak to us—we’ll show you how easy it is.
· Generally earn higher interest rates than savings and money market accounts
· Rates set for the term you choose and tiered for higher balances
· Terms of maturity from 3 to 48 months
· $1,000 minimum opening investment
· Interest paid quarterly or at maturity on CDs with terms starting at three months
· Early-withdrawal penalty of three to six months’ interest if withdrawals of principal are made prior to maturity
Added Benefits
· Check your balances with PinnBank online banking or Telebank
· Keep your CD and other valuables in a safe-deposit box
Jump-Up CD
Watch your interest rate grow with our Jump-Up CD. There’s no place to go but up!
· $2,500 minimum opening deposit
· 24-month term
· Rate may be increased up to two times during the term (once during a 12-month period)
· Deposits may be made in $500 increments, not to exceed double the original deposit amount
· Interest is credited and compounded quarterly
· If you make a withdrawal of principal prior to maturity, there is a penalty of six months’ interest
Added Benefits
· Check your balance with PinnBank online banking and Telebank
· Keep your CDs and other valuables in a safe-deposit box
· Greater earning potential—if rates go up, you earn more interest.
· Flexible—you can make additional deposits to this CD
Liquid CD
Most CDs pay you guaranteed interest at the time of maturity. The Liquid CD pays you guaranteed interest monthly.
If you’re retired or planning for retirement, and looking for a way to keep your money safe while at the same time generating income, this is a great choice. It is also a sound method for planning future college expenses or to provide a monthly allowance for your student.
One of its most attractive features is that the Liquid CD can be customized to suit your individual needs. Its flexibility lets you create an investment that delivers what you need, when you need it. You decide the terms—how much you’d like to invest* and for how long.
|
Total term: |
Investment Period: |
Receive monthly payments for: |
|
5 years |
None |
5 years** |
|
8 years |
4 years |
4 years |
|
10 years |
5 years |
5 years |
|
15 years |
10 years |
5 years |
*$3,000 minimum deposit
**Beginning 30 days after account is opened
Penalty may be imposed for early withdrawal.