Share Certificate Accounts (CD's)
Share Certificate Accounts allow you to earn higher dividend rates when you lock into a specific term. Typically, the longer the term of the share certificate, the higher the dividend rate.
|Minimum Balance||$500 for 6, 12, 24, 36 and 60 month terms
$10,000 for 15 month term
|Monthly Service Charge||None|
|Terms Available||6, 12, 15, 24, 36, 48 and 60 months|
|Early Withdrawal Penalty||
A penalty may be imposed for early withdrawals. Penalties are based upon the original term of the certificate and the amount of the withdrawal. The penalty may reduce the principal.
Penalties are as follows:
|Annual Percentage Yields||
Rates effective as of 10/01/2018
Dividends are compounded and paid monthly based on the average daily balance.
|Renewal||You have 7 calendar days from the date of maturity to redeem or withdraw from your Share Certificate. Unredeemed accounts will automatically rollover, for the same term and at the current rate, on the maturity date.|
|Statements||Issued Quarterly by
|ASI Insured||Funds are insured up to $250,000 per account. By member choice, this institution is not federally insured. Click here for more information regarding ASI.|
To request a Share Certificate Account Agreement e-mail email@example.com or call (815) 267-7700 or (866) 469-6228