Certificates of Deposits
A Certificate of Deposit (CD) is a time deposit for which interest rates are based on a set length of time. CD’s pay the highest interest rates of any of our FDIC insured accounts. When you are considering an investment, always check to see if your money will be FDIC insured.
Features:
- Minimum deposit of $500.00
- Annual percentage yield assumes interest received is reinvested at the account interest rate.
- Interest may be paid by check, deposited into a checking or savings at the Bank of Trumann or added back (compounded) to the certificate.
- Certificates will be renewed for the same maturity term at the rate currently in effect for that term
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