Certificates of DepositTime Deposit Accounts
The Basics
A certificate of deposit is a time deposit account. We agree to pay interest at a certain rate if you deposit your cash for a set amount of time*. Everyone has different investment and retirement goals and Woodlands Bank doesn’t believe in a one-size-fits-all approach. We are proud to offer a suite of options, choose one that’s right for you.
The Perks
Terms range* from 90 days-60 months
Interest is compounded quarterly
Great savings tool
*A penalty may be imposed for early withdrawal.
- The Details -
Qualification Requirements
In order to open a Certificate of Deposit (CD) you must meet these requirements:
Deposit $500 or more
Agree to keep money in for set term
- The Benefits -
CD’s are a risk free way of earning interest on your savings. With one of our CD accounts you’ll enjoy these rewards:
Great savings tool
Earn interest on your money
Interest compounds quarterly
Terms range* from 90 days to 60 months
Risk free investment
*A penalty may be imposed for early withdrawal.
Have Questions?
We are here to help. Stop in one of our 8 branches or give us a call and we will be glad to answer any questions you may have.
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