![]() Interest may be added back to the CD or paid by check annually and at maturity, or deposited into a First American Bank and Trust account monthly, quarterly, or annually.įor information on interest bearing checking, money market, and savings accounts, please contact an employee of the bank. Interest may be added back to the CD or paid by check at maturity or deposited into a First American Bank and Trust account monthly or at maturity. Interest Rates subject to change without notice. Our daily CD rates updates help you stay informed about the current markets competitive rates and where you can find them. ![]() If any Certificate of Deposit owner dies or is declared legally incompetent, the Certificate of Deposit can be redeemed early, without penalty.For a CD with a term greater than twelve (12) month, the penalty is six (6) months interest, regardless of when you redeem the account prior to maturity.For a CD with a twelve (12) month or shorter term, the penalty is three (3) months interest, regardless of when you redeem the account prior to maturity.The annual percentage yield is accurate as of the above date.įees could reduce earnings on the account.Įarly Withdrawal Penalty: If you redeem a Certificate of Deposit (CD) prior to maturity, you will incur an early withdrawal penalty. CDs are similar to savings accounts, but they are set to a fixed term (usually ranging from one month to ten years) and a fixed interest rate.It is expected that a CD be held to the end of the term, at which time the money may be withdrawn with the accrued interest. ![]() The annual percentage yield assumes interest remains on deposit until maturity. ![]()
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