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Certificates of Deposit

Certificate of Deposit

Ask about our great Relationship CD Specials today!. 
Call us at 618.498.6466 or stop by any of our branches.

Our traditional Certificates of Deposit are issued in any dollar amount above the minimum of $1,000.00, ranging from 91 days to 5 years. Interest may be paid by check, deposited to another account or compounded quarterly. Interest rates and payment options vary by the size and term of the certificate purchased.  Interest begins to accrue from date of deposit and will be credited to your account or paid to you quarterly. Withdrawal of interest prior to maturity will reduce earnings. We use Daily Balance Method to  calculate interest on your account. This applies a daily periodic rate to the principal in the account each day.

Renewal Policy: 
If your Certificate is SINGLE MATURITY and does not automatically renew, present it PROMPTLY at maturity as no interest is payable after the maturity date.

If your Certificate will AUTOMATICALLY RENEW, you will have a grace period of ten (10) days from the maturity date to present this Certificate for payment without penalty. If the Certificate automatically renews, it will be renewed at the rate in effect at this institution on the date of maturity.

 

Option Certificate of Deposit

This Certificate of Deposit requires an opening balance of $5,000.00. The initial term of the Certificate of Deposit is thirty-six (36) months and is automatically renewable as per the renewal policy. A one time "option" will be granted to the purchaser of the Option CD with a face amount of at least $5,000.00. You may exercise this option once during the initial term to adjust the annual percentage yield and interest rate payable on the certificate during the remainder of the initial term. We reserve the right to require the right to present the Option Card given to them at the time of purchase, before the option may be exercised. Interest is compounded quarterly, no interest checks will be issued or credited to another account.

Renewal Policy: 
Your Certificate will AUTOMATICALLY RENEW and you will have a grace period of ten (10) days from the maturity date to present this Certificate for payment without penalty. The Certificate automatically renews at the rate in effect at this institution on the date of maturity.

 

Multiplier Certificate of Deposit

This Certificate of Deposit requires an opening balance of $250.00. The initial term of the Certificate of Deposit is thirty (30) months and is automatically renewable as per the renewal policy. Additional deposits may be made during the term of the Certificate of Deposit at a minimum of $50.00 per additional deposit. Interest is compounded quarterly, no interest checks will be issued or credited to another account.

Renewal Policy: 
Your Certificate will AUTOMATICALLY RENEW and you will have a grace period of ten (10) days from the maturity date to present this Certificate for payment without penalty. The Certificate automatically renews at the rate in effect at this institution on the date of maturity.