Certificates of Deposit Earn interest at a fixed rate on funds for a specific period of time Features & Benefits $1,000.00 minimum opening deposit Fixed interest rate Great way to save money Highest interest earnings Terms 7 days to 3 years Compounding Frequency Interest will be compounded daily. Minimum Balance to Open the Account $1,000 Rate Information The interest rate and Annual Percentage Yield (APY) in effect at account opening will be paid until first maturity. Please contact NOA Bank office to learn the current interest rate.
Balance Information We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest Crediting Frequency You can choose to have your interest credited: Monthly, quarterly, semiannually, annually, or at maturity (if term is 1 year or less). Credited to your account, credited to another checking/savings account you have with us or paid by check. Transaction Limitation You may not make any deposits into your account before maturity. You can only withdraw interest credited in the term before maturity of that term without penalty. Early Withdrawal Penalty A penalty may be imposed for withdrawals before maturity. Penalty amount varies by the original maturity term. Other restriction may apply. Renewal of Time Deposit Automatic renewal for your convenience. For details, please stop by Pleasant Hill Office or call 678-385-0800 Certificates of Deposit / IRAs Grow your money without the risk. Our Certificates of Deposit (CD) and Individual Retirement Accounts (IRA) help you to avoid volatility and locks you into a guaranteed rate. With no fees to open or maintain an account, your money works harder for you. |