Certificate of Deposit

A special type of savings account that may offer a higher interest rate than a standard savings account.

  • Minimum balance $1000, minimum balance to obtain (annual percentage yield) APY is $1,000.
  • Interest Rate and the APY will not change for the term of the deposit.
  • Interest Computation Method is daily balance. Interest Compounding is daily. Interest credit frequency: Term 90 days or less at maturity - Term: 91 days or more, monthly, quarterly, semi-annually or annually
  • Interest begins to accrue on the business day you deposit non-cash items (example: checks).
  • The APY assumes interest remains in the account until maturity.
  • If any principal is withdrawn prior to maturity, a substantial penalty may apply.
  • A notice will be mailed prior to maturity.
  • Funds may be withdrawn up to 10 calendar days after the maturity date without penalty.

Excluding CD specials, certificates of deposit will renew automatically for the same term at the current APY in effect at the time of maturity. Additional deposits may only be made at renewal up to 10 calendar days after the maturity date.

Banking Product Brochure

For an electronic version of our standard product brochure, please download our BROCHURE for quick reference and printing.

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Safe Banking Tips

Never give out the following information in an email:

  • First name, last name, business name
  • Email and password combination

  • Credit card, bank account, and PIN
  • Social security and driver's license number

Do not download attachments, software updates, or any application to your computer via a link you received in an email. First Secure State Banks will not ask you to download anything for your account to work.