Lawrence's Home-Owned Bank

Certificates of Deposit

Rates/Annual Percentage Rates.

Last update: 8/8/2014
Rates subject to change daily

CERTIFICATE INTEREST RATE ANNUAL PERCENTAGE YIELD
3 months 0.10% 0.10%
6 months 0.20% 0.20%
12 months 0.35% 0.35%
18 months 0.45% 0.45%
24 months 0.65% 0.65%
36 months 0.95% 0.95%
48 months 1.20% 1.21%
60 months 1.45% 1.46%

 

Requirements

  • $500 minimum balance required to open
  • $250 minimum to open a minor’s CD
  • Interest compounded and credited quarterly; paid at maturity
  • Automatically renewed at maturity
  • Grace period of seven calendar days after maturity to withdraw without penalty
  • Terms are available from 3 months to 5 years. Substantial penalty for early withdrawal

IRA Certificates of Deposits

  • Account pays competitive interest rate, offers tax-deferred savings and may provide a current tax deduction
  • Interest compounded daily and credited quarterly and at maturity
  • No service charge; FDIC insured
  • Terms available from 1 year to 5 years. Substantial penalty for early withdrawal

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