CERTIFICATES OF DEPOSIT

Certificates of Deposits are an excellent way to earn a higher interest rate on funds that do not have to remain accessible. The Institution for Savings offers a wide variety of certificate of deposits from 3 months to 60 months. You select the number of months that best meets your needs.

Term Deposit Certificates

• $500 Minimum Balance
• Interest Rate and Annual Percentage Yield fixed for duration of term
• Interest Compounded continuously
• Interest posted available at anytime with no penalty
• Monthly or Quarterly Dividend checks and transfers available
• 10-day grace period at maturity
• Automatic renewals
• Funds may be used as collateral for passbook loan
• All deposits are insured in full by FDIC/DIF
• Access account information through Internet Banking or our 24 Hour Automated Customer Service Line
• Early Withdrawal Penalty calculated on Principal withdrawal
  
  One months interest whether earned or not on terms 12 months and shorter.
  Three months interest whether earned or not on terms 13-35 months.
  Six months interest whether earned or not on terms 36-60 months.