Certificates of Deposit

7 – 31 Day Certificate of Deposit

This account is for customers that deposit a specific dollar amount for 7 days to 31 days.

Click here for our current rates.

Features

  • Minimum amount to open – $1,000
  • Specific time frames available from 7 days to 31 days.
  • Competitive interest rates set weekly. Once opened, interest rate does not change for the term of the CD.
  • Interest paid by check, deposit to account or capitalized on the CD at maturity.
  • Automatic renewal – customer has 10 days after maturity date to cash, add to, or change without penalty for balances under $100,000.

Additional Information

  • No additions permitted except at maturity.
  • Penalty for early withdrawal. See disclosure for details. Partial cash withdrawal is permitted early with penalty.
  • CD balances over $100,000 are not automatically renewable.
  • Refer to rate charts and disclosures for full details.

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3 Month Certificate of Deposit

This account is for customers that deposit a specific dollar amount for 3 months or 32 – 89 days.

Click here for our current rates.

Features

  • Minimum amount to open – $1,000
  • Automatic renewal – customer has 10 days after maturity date to cash, add to, or change without penalty for balances under $100,000.
  • Competitive interest rates set weekly. Once opened, interest rate does not change for the term of the CD.
  • Interest paid by check, deposit to account or capitalized on the CD at maturity.

Additional Information

  • No additions permitted except at maturity.
  • Penalty for early withdrawal. See disclosure for details. Partial cash withdrawal is permitted early with penalty.
  • CD balances over $100,000 are not automatically renewable.
  • Refer to rate charts and disclosures for full details.

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6 – 11 Month Certificate of Deposit

This account is for customers that deposit a specific dollar amount for 6 – 11 months.

Click here for our current rates.

Features

  • Minimum amount to open – $1,000
  • Specific time frames available from 6 – 11 months.
  • Automatic renewal – customer has 10 days after maturity date to cash, add to, or change without penalty under $100,000
  • Competitive interest rates set weekly. Once opened, interest rate does not change for the term of the CD.
  • Interest paid monthly, quarterly or at maturity by check, deposit to account or capitalized on the CD.

Additional Information

  • No additions permitted except at maturity.
  • Penalty for early withdrawal. See disclosure for details. Partial cash withdrawal is permitted early with penalty.
  • CD balances over $100,000 are not automatically renewable.
  • Refer to rate charts and disclosures for full details.

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12 Month to 120 Month Certificate of Deposit

This account is for customers that deposit a specific dollar amount for 12 up to 120 months.

Click here for our current rates.

Features

  • Minimum amount to open – $500
  • Specific time frames available from 12 up to 120 months. The number of months will determine the rate of interest.
  • Automatic renewal – customer has 10 days after maturity date to cash, add to, or change without penalty under $100,000
  • Competitive interest rates set weekly. Once opened, interest rate does not change for the term of the CD.
  • Interest paid monthly, quarterly, semi-annually or annually by check, deposit to account.
  • Compounding of interest is permitted quarterly. If compounding selected, CD term must be divisable by 3 (3 months is a compounding quarter).

Additional Information

  • No additions permitted except at maturity.
  • Penalty for early withdrawal. See disclosure for details. Partial cash withdrawal is permitted early with penalty.
  • Interest which is left to compound on the certificate may be withdrawn at any time after the end of the first interest quarter without penalty. Interest may continue to compound or be changed to pay the customer monthly or quarterly check or deposit to account.
  • CD balances over $100,000 are not automatically renewable.
  • Refer to rate charts and disclosures for full details.

1.75% APY Certificate of Deposit Account

Features

  • Only $2,500 to open
  • 60 month CD
  • Available up to $100,000
  • Rate available to existing customers
  • Only 1 CD per Social Security Number

Additional Information

Opening rate for this 60 month CD is 1.75% APY (Annual Percentage Yield) with a Farmers relationship. 1.55% APY for noncustomers. The APY is accurate as of August 1, 2016. Minimum amount to open is $2,500. A 24-month interest earned penalty or that could have been earned will be imposed on any withdrawal of principle prior to maturity. This account will automatically renew at maturity. You will have 10 calendar days after maturity to withdraw funds without a penalty. See full disclosure for additional details. Offer is subject to cancellation without notice.

Click here for our current rates.

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