Certificates of Deposit (CDs)
- Summary
CDs are a safe and simple way to earn more with your money. They can earn double the interest over a regular savings account. CDs pay interest monthly, quarterly, annually or at maturity and are insured by the FDIC.
Opportunity offers a variety of term and rate combinations as well as Jumbo CDs. Since there is a penalty for early withdrawal, consider CDs when you are comfortable with the funds being in the bank for the length of the term.
- Higher interest rates
- Minimum deposit of $1,000
- Flexible terms and options
- Penalty for early withdrawal
- Jumbo CDs
Jumbo CDs are tailored to large investors. The minimum deposit for Jumbo CDs is $100,000. Jumbo CDs behave like regular CDs, but can yield a better interest rate.
- Minimum deposit of $100,000
- Flexible terms and options
- Penalty for early withdrawal
- Disclosures
Interest rate will be paid until the maturity date specified. Interest begins to accrue on the business day you deposit any noncash item. Interest will be compounded monthly. The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings. The number of endorsements needed for withdrawal or any other purpose is one.
You must make a minimum deposit to open this account of $1,000.00. You must maintain this minimum balance on a daily basis to earn the annual percentage yield disclosed. Interest credited during a term can be withdrawn. If we consent to a request for a withdrawal that is otherwise not permitted you may have to pay a penalty. The penalty will be an amount equal to 3 months interest on the amount withdrawn.
This account will automatically renew on the maturity date. Interest will not accrue after final maturity. Each renewal term will be for the same term, beginning on the maturity date (unless we notify you in writing, before the maturity date, of a different term for renewal). You must notify us in writing before, or within a 7 day grace period after, the maturity date and we can tell you what the interest rate will be for the next renewal term.
On accounts with terms of longer than one month we will remind you in advance of the renewal and tell you when the rate will be known for the renewal period. See your plan disclosure if this account is part of an IRA or Keogh.
Please see bank for full disclosure and current rates.
