Certificates of Deposit

91 day and 6 month

  • Interest will not be compounded.
  • Interest will be credited to your account at maturity.  Alternately, you may choose to have interest paid to you or to another account at maturity.
  • You must deposit $1000.00 to open this account.
  • You must maintain a minimum balance of $1000.00 in the account each day to obtain the disclosed annual percentage yield.
  • We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.
  • Interest begins to accrue on the business day you deposit noncash items.
  • You may not make any deposits into your account before maturity.
  • You may make withdrawals of principal from your account before maturity.  Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.  You cannot withdraw interest from your account before maturity.
  • Early withdrawal penalties:  a penalty may be imposed for withdrawals before maturity.
    • The fee we may impose will equal three months interest on the amount withdrawn subject to penalty. 
    • In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty.  Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. 
  • This account will automatically renew at maturity.  You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below) or we receive written notice from you within the grace period mentioned below.  We can prevent renewal if we mail notice to you at least 30 calendar days before maturity.  If either you or we prevent renewal, interest will not accrue after final maturity. 
  • Each renewal term will be the same as the original term, beginning on the maturity date.  The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.  You will have ten calendar days after maturity to withdraw the funds without a penalty.
  • FDIC insured up to $250,000.00.

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12 month, 18 month, and 30 month

  • Unless otherwise paid, interest will be compounded quarterly.
  • Interest will be credited to your account every quarter.  Alternatively, you may choose to have interest paid to you or to another account every quarter.
  • You must deposit $1000.00 to open this account.
  • You must maintain a minimum balance of $1000.00 in the account each day to obtain the disclosed annual percentage yield. 
  • We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day. 
  • Interest begins to accrue on the business day you deposit noncash items.
  • Transaction limitations:
    • You may not make any deposits into your account before maturity.
    • You may make withdrawals of principal from your account before maturity.  Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. 
    • You can only withdraw interest credited in the term before maturity of that term without penalty.  You can withdraw interest only on the crediting dates. 
  • Early withdrawal penalties:  a penalty may be imposed for withdrawals before maturity.
    • If your account has an original maturity of 12 months:                 
      The fee we may impose will equal 3 months interest on the amount withdrawn subject to penalty
    • If your account has an original maturity of more than one year:
      The fee we may impose will equal six months interest on the amount withdrawn subject to penalty.
    • In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty.  Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. 
  • The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings.
  • This account will automatically renew at maturity.  You may prevent renewal if you withdraw the funds in the account at maturity, or within the grace period mentioned below, or we receive written notice from you within the grace period mentioned below.  We can prevent renewal if we mail notice to you at least 30 calendar days before maturity.  If either you or we prevent renewal, interest will not accrue after final maturity.
  • Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance and other features as the original time deposit.  You will have ten calendar days after maturity to withdraw the funds without a penalty.
  • FDIC insured up to $250,000.00.

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