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Important Note: U.S. Government Stimulus Funds
All direct deposit funds, including Federal stimulus payments, are deposited once a day in the overnight hours. If deposited, funds are credited by 6 a.m. local time. If the payment does not appear in your account at 6 a.m., please check back the following day. You can find the most up-to-date information on your Economic Impact Payment at IRS.gov.
Minimum Opening Deposit
$1,000
Interest Paid
Fixed interest rate, compounded daily[cite::1::cite] [cite::16::cite]
Monthly Maintenance Fee
There are no monthly service charges for Certificates of Deposit. There is an annual maintenance fee of $15 per plan holder for IRA Certificates of Deposit.[cite::17::cite]
Withdrawals
Early withdrawal/closure penalties may be assessed when principal is withdrawn from a CD prior to the maturity date. Early withdrawal penalty applies to withdrawal of funds before maturity, regardless of whether you are eligible to begin receiving plan disbursements.
The following services are included every month: