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Total T Certificate (6 Month)
Total of term is 182 days. Automatic renewal at end
of each 182 days. Minimum balance is $2,500.
Interest is not taxable by IRS until year of receipt.
Due to tax deferral feature, the penalty for
withdrawal during any six-month term is severe: the
greater of all interest to date or 30 days of interest,
whether earned or not.
Total T Plus Certificate
Interest paid at the end of each month by credit to
a NOW Checking or Savings account. All other terms
of regular Total T Certificate apply. Early withdrawal
penalty: 30 days of interest, whether earned or not.
Total T Special Certificate (Call for current term):
Minimum balance is $2,500.
Interest is transferred monthly to a NOW Checking or Savings account.
Renewal of account is for a 6 month term. Early withdrawal penalty: 30 days of interest,
whether earned or not.
Five-In-One Certificate
Available to customers who qualify as Regular Banking Customers* and who maintain a Community Total Service Banking Card • Interest is paid each month by automatic credit to your NOW Checking account
• The minimum balance to open and to obtain the disclosed
Annual Percentage Yield is $2,500; maximum is $100,000 • The
term is one year with automatic and
guaranteed renewals for up to five years • Each renewal pays
a guaranteed higher rate with a bonus rate in the fifth
year.
For example: If the first year interest rate were 3.00% with an Annual
Percentage Yield (APY) of 3.00%, the guaranteed future APYs and
interest rates would be: second year 3.25%, third 3.50%, fourth
3.75%, fifth 4.25%** •
The account can be withdrawn without penalty on any annual
maturity date • Withdrawals between maturity dates incur a
penalty of 30 days of interest, earned or not • This most
liberal account is designed for personal use. Community
reserves the right to refuse corporate-type accounts.
*Regular Banking Customers maintain a
Regular Savings or NOW Checking account of $1,000 or more.
**Rates effective through 8/29/08. See account disclosure
for additional details of all accounts.
One Year Certificate
Automatic renewal at the end of each year.
Minimum balance is $10,000. Interest is paid at the
end of the year and computed as simple interest
without compounding. Interest not taxable until
year of receipt. Due to this tax deferral feature,
penalty for withdrawal during term is severe: all
interest accrued on the amount withdrawn.
18 & 30 Month Certificate
Interest paid and compounded quarterly. Automatic
renewal provision at end of each term. Early
withdrawal penalty: 180 days of interest, earned
or not. $500 minimum balance.
42 Month Certificate
All of the terms of the Eighteen and Thirty Month
Certificates apply. This also has Community's
future rate protection feature. Allowing additional
deposits in the first year up to twice the amount
of the original. Additional deposits do not extend
the original maturity date.
NEW!
60 Month Certificate
Interest paid and compounded quarterly • Automatic renewal provision at
end of each term • Early withdrawal penalty: 180 days of interest,
earned or not • $500 minimum balance.
NEW!
Home Buyer’s CD
First-time Home Buyer’s only • 60 month term (interest rate is the same
as the 60 month CD at time of opening) • One-time rate “bump up” • $500
minimum opening deposit, can deposit up to $12,000 additional funds each
year • 1% grant if funds used for home down payment and mortgage is with
Community • Early withdrawal penalty: 180 days of interest, earned or
not (penalty waived if funds used for a home down payment and mortgage
is with Community)
Financial services provided for local customers. All accounts must ©2002 Community Savings Bank and Southward
& Associates
be opened in person. Other terms, conditions and restrictions apply.
For current rates call Total Service Connection at 773.685.3947.
