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Incentive Time Certificates
Earn higher rates when you select one of our CDs.
Lock in a higher rate by investing your money for
a specified term.
Features/Benefits:
1. $500 minimum deposit to open account.
2. Terms range from three months to eight years.
3. Rates are fixed for term of certificate.
4. Interest is credited and compounded quarterly.
5. Interest can be mailed to you or deposited into a savings account
with us.
6. Each depositor is insured by the FDIC up to $250,000.
7. Maturity notices are mailed to remind you when your certificate is
coming up for renewal.
8. Convenient 10 day grace period gives you time to decide if you want
to renew or redeem your certificate without penalty.
9. A penalty may be imposed if you withdraw from your certificate before
maturity:
30 days' interest for terms less than
6 months.
90 days' interest for terms 6 months
to 1 year.
180 days' interest for terms greater
than 1 year.
10. Please refer to our CD Disclosures and Fee Schedule for additional
information and terms.
Heritage Time Certificates
Special rate CDs for customers age 55 and over.
A Time Certificate with special features designed
for savers age 55 or older. Lock in a higher rate by investing your money
for a specified term.
Features/Benefits:
1. $2,500 minimum deposit to open account.
2. Terms range from three months to eight years.
3. Rates are fixed for term of certificate.
4. Interest is credited and compounded monthly.
5. Interest can be mailed to you or deposited into a savings account
with us.
6. Each depositor is insured by the FDIC up to $250,000.
7. Maturity notices are mailed to remind you when your certificate is
coming up for renewal.
8. Convenient 10 day grace period gives you time to decide if you want
to renew or redeem your certificate without penalty.
9. A penalty may be imposed if you withdraw from your certificate before
maturity:
30 days' interest for terms less than
6 months.
90 days' interest for terms 6 months
to 1 year.
180 days' interest for terms greater
than 1 year.
10. Please refer to our CD Disclosures and Fee Schedule for additional
information and terms.
Jumbo Time Certificates
Earn competitive rates for deposits of $100,000 or
more.
Short term Time Certificates with competitive rates
for balances of $100,000 or more.
Features/Benefits:
1. $100,000 minimum deposit to open account.
2. Terms range from 31 to 365 days.
3. Rates are fixed for term of certificate.
4. Interest is credited monthly.
5. Interest cannot remain on deposit. Interest will be paid to you monthly.
You may have interest either mailed to you or deposited into a savings
account with us.
6. Each depositor is insured by the FDIC up to $250,000.
7. Maturity notices are mailed to remind you when your certificate is
coming up for renewal.
8. Convenient 10 day grace period gives you time to decide if you want
to renew or redeem your certificate without penalty. (For certificates
with a term of one month or less, there is a two business day grace period.)
9. A penalty may be imposed if you withdraw from your certificate before
maturity:
15 days' interest if term is 31-90
days.
30 days' interest if term is 91-180
days.
90 days' interest if term is 181-364
days.
180 days' interest if term is 365 days
or longer.
10. Please refer to our CD Disclosures and Fee Schedule for additional
information and terms.
Variable Jumbo Time Certificates
Short term CDs with competitive rates for deposits
of $250,000 or more.
Time Certificates that offer competitive rates and
shorter terms for deposits of $250,000 or more.
Features/Benefits:
1. $250,000 minimum deposit to open account.
2. Terms range from 7 to 365 days.
3. Rates are fixed for term of certificate.
4. Interest is credited quarterly.
5. Interest cannot remain on deposit. Interest will be paid to you quarterly.
You may have interest either mailed to you or deposited into a savings
account with us.
6. Each depositor is insured by the FDIC up to $250,000.
7. Maturity notices are mailed to remind you when you certificate is
coming up for renewal.
8. Convenient 10 day grace period gives you time to decide if you want
to renew or redeem your certificate without penalty. (For certificates
with a term of one month or less, there is a two business day grace period).
9. A penalty may be imposed if you withdraw from your certificate before
maturity:
All interest if term is 30 days or less.
15 days' interest if term is 31-90
days.
30 days' interest if term is 91-180
days.
90 days' interest if term is 181-364
days.
180 days' interest if term is 365 days
or longer.
Rising Rate CD
A Rising Rate CD is a series of five (5) consecutive
3-month Time Certificates with each term paying a higher rate than the
one before. The Rising Rate CD is offered on a periodic, promotional
basis.
Features/Benefits:
1. $2,500 minimum deposit to open the account.
2. Rates are fixed for each of the five 3-month terms.
3. Interest is credited and compounded quarterly.
4. Interest can be mailed to you or deposited into a savings account
with us.
5. Each depositor is insured by the FDIC up to $250,000.
6. Maturity notices are mailed to you during each 3-month term to remind
you when your certificates are coming up for renewal.
7. Convenient 10-day grace period gives you time to decide if you want
to renew or redeem your certificates without penalty.
8. You are able to close your account at each 3-month maturity without
penalty.
9. A penalty of 30 days interest may be imposed if you withdraw from
your certificate before maturity.
10. Please refer to our CD Disclosures and Fee Schedule for additional
information and terms.
Trade-Up CD
A Time Certificate that allows for a one-time only
option to change the rate of earnings to the rate then being paid by
Finance Factors on a regular time certificate with the same term and
conditions. The Trade-Up CD is offered on a periodic, promotional basis.
Features/Benefits:
1. $2,500 minimum deposit to open the account.
2. Various terms available.
3. Rates are fixed for term of certificate.
4. Interest is credited and compounded monthly if opened as a Heritage
Time Certificate.
5. Interest is credited and compounded quarterly if opened as an Incentive
Time Certificate.
6. Interest can be mailed to you or deposited into a savings account
with us.
7. Each depositor is insured by the FDIC up to $250,000.
8. Maturity notices are mailed to remind you when your certificate is
coming up for renewal.
9. Convenient 10-day grace period gives you time to decide if you want
to renew or redeem your certificate without penalty.
10. A penalty may be imposed if you withdraw from your certificate before
maturity:
30 days' interest for terms
less than 6 months.
90 days' interest for terms
6 months to 1 year.
180 days' interest for
terms greater than 1 year.
11. Please refer to our CD Disclosures and Fee Schedule for additional
information and terms.
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