Certificates of Deposit and IRAs

Rates

Effective June 1, 2012

Annual Percentage Yield assumes interest is paid at maturity or annually for CDs/IRAs over 1 year.

Certificates of Deposit $100,000.00 and over
TermInterest RateAnnual Percentage Yield
30-59 Days 0.70 0.70
60-89 Days 0.70 0.70
90-179 Days 0.70 0.70
180-279 Days 0.75 0.75
270-364 Days 0.75 0.75
12-18 Months 0.80 0.80
2 Years 0.90 0.90
Certificates of Deposit under $100,000.00  Minimum to open: $1,000
TermInterest RateAnnual Percentage Yield
30-59 Days 0.70 0.70
60-89 Days 0.70 0.70
90-179 Days 0.70 0.70
180-279 Days  6 months 0.75 0.75
270-364 Days 0.75 0.75
12-18 Months 0.80 0.80
2 Years 0.90 0.90
IRA $100,000.00 and over
TermInterest RateAnnual Percentage Yield
12 Months 0.80 0.80
IRA under $100,000.00  Minimum to open: $1,000
TermInterest RateAnnual Percentage Yield
12 Months 0.80 0.80

Please Note: Per section 326 of the United States Patriot Act, financial institutions are required to obtain proper identification from customers, verify the identifying information and keep record of such information. Therefore in accordance with this regulation, we will require proper identification (which will include at least a current driver’s license and social security card) from any new customer including business customers seeking to establish a formal banking relationship with Chasewood Bank.

Please call the new account department if you have any questions regarding the required identification at 281-320-6777.