Our Certificates of Deposit are fixed investments that are generally used to invest a specific sum for a specific period of time. You may not add money to these certificates and they are not negotiable.
- Open this account with only $500.00
- Certificates terms can be from 7 days to 60 months
- You can withdraw funds prior to maturity by paying an early withdrawal penalty of 3 months interest on any certificate with a term of 3 months or more.
On certificates with terms of less than 3 months, all interest will be forfeited
- Certificates can be owned jointly or payable on death to a beneficiary
- Interest can be compounded, deposited to a checking or savings account, or paid by check
- A variety of terms of maturity are available to meet your investment needs
- Interest can be paid at various times and by various methods
- FDIC insurance of up to $250,000 guarantees your investment
For more information on our CD's, just contact the New Peoples Bank branch nearest you today!