With Share Certificates, you deposit a fixed amount of money at a fixed interest rate for a specified term.
Share Certificates have the following features:
- Available in terms of, 6 months, 12 months, 24 months, 36 months, 48 months and 60 months.
- No maintenance fees or monthly charges.
- Minimum deposit of $I,000.
- Automatically renewable at maturity at the new rate.
Dividends are calculated daily; paid and compounded quarterly.
Dividends may be compounded, transferred to your share savings, checking or mailed to you by check.
There are substantial penalties for early withdrawals.