CDs & IRAs
Click on the account names for more detailed information.
|Account Type||Minimum Opening Deposit||Interest Payments||Additional Deposit Minimum||Interest Penalty For Early Withdrawal||Grace Period|
|7-30 Days||$1,000.00||Compounded at Maturity||N/A||Total Interest Earned||2 Days|
|91 Days||$1,000.00||Compounded at Maturity||N/A||30 Days||10 Days|
|182 Days||$1,000.00||Compounded at Maturity||N/A||30 Days||10 Days|
|12 Months*||$500.00||Compounded Semi-Annually||N/A||30 Days||10 Days|
|18 Months*||$500.00||Compounded Semi-Annually||N/A||90 Days||10 Days|
|30 Months*||$500.00||Compounded Semi-Annually||N/A||90 Days||10 Days|
|36 Months Ultimate*||$1,000.00||Compounded Semi-Annually||$500.00||90 Days||10 Days|
36 Month Ultimate*
|48 Months Double Opportunity*||$1,000.00||Compounded Semi-Annually||N/A||90 Days||10 Days|
48 Month Double Opportunity CD*
The 48 Month Double Opportunity CD gives the owner one opportunity to change the CD interest rate for the remainder of the certificate term.
|60 Months*||$500.00||Compounded Semi-Annually||N/A||90 Days||10 Days|
|18 Month Variable IRA||N/A||Compounded Quarterly||$1.00||90 Days||10 Days|
36 Month Ultimate*
Additional minimum deposits of $500 can be made to the 36 Month Ultimate CD. Deposits made must remain in the CD for six days to avoid a seven day simple interest penalty that will be imposed on the amount withdrawn. The CD can be fully or partially redeemed without an interest penalty on the annual anniversary date.
*These CD's can be written as IRA's. Traditional, ROTH and SEP retirement plans are offered. Please consult your tax advisor for information on which plan will best suit your needs.
**CD's may have interest paid by compounding, interest check, or deposited to a CNB account.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We will also ask to see your driver's license or other identifying documents.