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CDs
Certificate of Deposit Rates as of June 8, 2023
Term |
Minimum Deposit |
Interest Rate |
Annual Percentage Yield* |
60 Months |
$500 |
3.100 |
3.136 |
48 Months |
$500 |
2.900 |
2.932 |
36 Months |
$500 |
2.750 |
2.778 |
30 Months |
$500 |
2.700 |
2.727 |
24 Months |
$500 |
2.650 |
2.676 |
18 Months |
$500 |
2.550 |
2.574 |
12 Months |
$500 |
2.450 |
2.473 |
6 Months |
$500 |
2.350 |
2.371 |
3 Months |
$500 |
2.250 |
2.269 |
IRA & HSA |
$250 |
2.100 |
2.100 |
*Annual Percentage Yield - interest compounded quarterly
Certificate of Deposit Terms and Conditions
PAYMENT OF THE CERTIFICATE is payable at maturity upon presentation of the certificate on the maturity date.
GRACE PERIOD of ten days after the maturity date of the certificate is honored.
INTEREST is calculated at the rate and basis set forth on the face of the certificate. Interest will not be compounded unless called for on the face of the certificate. Interest will be paid according to the payment frequency set forth on face of the certificate and in the manner indicated on the face. Withdrawal of interest prior to maturity will affect the annual percentage yield.
EARLY WITHDRAWAL PENALTIES are incurred if withdrawal, either partial or total, of the certificate is not as set forth on the face of the certificate. Penalty of 3 months interest for a term of 12 months or less and a penalty of 6 months interest for a term of over 12 months.
AUTOMATICALLY RENEWABLE CERTIFICATES renew automatically on the maturity date. If the deposit is withdrawn during the grace period set forth on the face of the certificate, Farmers State Bank will not charge an early withdrawal penalty.
SINGLE MATURITY CERTIFICATES are not automatically renewable and mature on the maturity date set forth on the face of this certificate. No interest will be paid on the certificate after maturity unless set forth on the face of the certificate.