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Certificate of Deposit


Description:
A time account with a fixed rate and maturity.

Requirements
  • You must deposit $1000.00 to open the account.
Benefits
  • Interest is compounded or paid as agreed
Cost
  • There is an early withdrawal penalty based on length of maturity.
  • Terms of maturity vary.
  • You may not make withdrawals of principal from your account before maturity.

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