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Certificate of Deposit Accounts — Terms Available
A CD from Johnson Bank provides you with a set, predictable rate of return for your selected time period. Short term CDs are a great way to earn interest while you wait for for other investment opportunities to develop. A long-term CD can lock in a good rate and give you guaranteed returns.
CD Terms offered:
- 3 months
- 6 months
- 12 months
- 24 months
- 36 months
- 48 months
- 60 months
Minimum opening deposit for a CD is $2,000. Additional deposits of $500 or more can be made on one-year CDs, but are not permitted on other CD terms.
Interest payment
Interest is paid at maturity for CDs with terms of one year or less. Otherwise, interest is paid annually. You can have earned interest transferred to another Johnson Bank account.
Renewals
CDs are automatically renewed at maturity unless otherwise noted on the certificate. Account owners have 10 calendar days after maturity to withdraw funds without penalty. Interest is not paid during this grace period unless the CD funds are deposited into another Johnson Bank CD.
Grace Period
The account owner has ten (10) calendar days after maturity to withdraw the funds without penalty. Interest is not paid during the grace period unless the funds from this Certificate of Deposit are deposited into another Johnson Bank Certificate of Deposit.
Early-Withdrawal Penalty
3-month CD - 90 days simple interest
All other CD Terms - 180 days simple interest
Visit or call any Johnson Bank branch today to determine which CD is a good investment for you.
Financial Information Center Article:
Certificates of Deposit: Tips for Investors
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