Certificate of Deposit
A Certificate of Deposit offers a competitive fixed rate of interest with terms available from six months up to two years. Interest is compounded and paid quarterly 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 $5,000 is required to open this account unless stated otherwise.
- Free E-Banking is available with a Certificate of Deposit.
A penalty may be imposed for early withdrawal.
- 6 Month
- 12 Month
- 18 Month
- 24 Month