Certificates of Deposit
Certificate of Deposit
- A Certificate of Deposit offers a competitive rate of interest with terms available from thirty days up to five years.
- Interest is compounded and paid quarterly for terms of 91 days or longer and may be added back to the Certificate of Deposit, transferred to another NewFirst account, or paid by check.
- All Certificates of Deposit are established as automatic renewals and offer a 10 day grace period after maturity.
- Interest begins to accrue on the business day that non-cash items (for example, checks) are deposited.
- A minimum investment of $1,000 is required to open this account unless stated otherwise.
- Free E-Banking and Telebanking are available with a Certificate of Deposit.
- A penalty may be imposed for early withdrawal.
