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CD's & IRA's

Certificates of Deposit (fixed rate)

Term

Minimum Deposit

Compounding

6 Month

$2,500

Non-Compounding

12 Month

$1,000

Quarterly

18 Month

$500

 Quarterly

24 Month

$500

 Quarterly

30 Month

$500

 Quarterly

36 Month

$500

 Quarterly

48 Month

$500

 Quarterly

60 Month

$500

 Quarterly

 

  • Interest Rates determined by First National Bank and may be adjusted weekly.
  • Interest is calculated daily.
  • Deposits to a CD allowed at maturity.
  • Principal withdrawals allowed prior to maturity with penalty.
  • Interest earned may be obtained by check, credit to deposit account, or added to CD.

Early withdrawal penalties:

  • 6 month CD -  penalty equals 90 days interest or $15 whichever is greater.
  • 12 month or greater CD's - penalty equals 180 days interest or $15 whichever is greater.
  • CD's will automatically renew at maturity for like term.
  • A grace period of 10 calendar days granted upon maturity to withdraw/cash CD without incurring any penalty/fee. The 10 calendar days includes date of maturity of CD.

IRA's

  • 18 Month IRA Variable Rate Time Account
  • $50 minimum balance to open account.
  • Minimum daily balance to obtain a percentage yield disclosure is $1,000.
  • Interest is calculated daily and paid monthly. The Interest Rate and APY may change at First National Bank's discretion.
  • Maximum IRA deposit is $3,000 or the sum stipulated per federal limits on an annual basis.
  • An early withdrawal penalty/fee may be charged for any withdrawal prior to maturity.
  • IRA's are automatically renewable at maturity. A grace period equal to 10 calendar days is allowed upon maturity to withdraw/cash the IRA without penalty.
  • $5 withdrawal fee.
  • $15 closing fee.
  • No Annual Service Fee.

STOP IN OR CALL FOR IRA INFORMATIONAL BROCHURES!

 

 

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