Lawrence's Home-Owned Bank

Certificates of Deposit

Rates/Annual Percentage Rates.

Last update: 06/03/2013
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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