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Personal Banking |
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Certificated of Deposit |
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Individual Retirement Account
(IRA) |
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Features
Savings for after retirement. additional deposits
allowed
Minimum Balance to
Open
$100
Terms
6 months, 1 year and 2 year
Rate Information
Rate is fixed during the term
Early Withdrawal Penalty
(Varies by the term)
6 months & 1 year: 1 month's simple interest
2yrs: 3 month's simple interest
If withdrawn before age 59 ½, penalty may be imposed
by Federal & State government.
Seven (7) days interest on the amount withdrawn
will be imposed if withdrawn within six (6) days
from opening, partial withdrawal or additional deposit
all TCDs.
Please refer to Center Bank’s "Truth in Savings
Disclosure" for more detailed information |
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