CERTIFICATES OF DEPOSIT
Certificates of Deposit (CDs) are an excellent tool for managing your money when you are able to set aside funds for a period of time. With a CD, you maximize your interest rate and enjoy the security of FDIC Insurance. First National Bank offers CDs for many terms, some with a minimum deposit of just $500.
- CDs typically pay higher interest rates than many other savings products
- Interest can be credited to the CD or to a First National checking or savings account
- Most accounts are FDIC insured up to $100,000. There is no charge to open a CD
A First National CD can be used as collateral for a First National loan.
Penalty for Early Withdrawal
*One year or less: 1 month interest penalty
*More than one year: 3month interest penalty
The information in this article was current at 06 Dec 2011