Certificates of Deposit

A Certificate of Deposit (CD) is a wonderful savings option when you have a long-term plan and don’t need to access your money for a while. Our customers have used their CDs for vacation, education, a sizable household purchase, or general future-planning.

With a CD, you can let your money sit and grow—you don’t even have to think about it.

Your CD account is customizable to your needs through the several different options we offer.^*

• $1,000 opening deposit
• Multiple interest payment avenues available^*
• Automatically renewable with a ten-day grace period at maturity
• Interest payments are traditionally made at CD maturity or made at the annual anniversary date of the CD, if original maturity is 12 months or greater^*
• Interest can also be paid out monthly, quarterly, semi-annually or yearly^*
• A variety of terms available.

^*Contact i-bank for options and additional terms and conditions, including current interest rates and annual percentage yields.

Terms: Early withdrawal penalties apply. Interest rate varies and depends on term. At maturity, interest may be compounded into principal balance or deposited into another account.

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