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CERTIFICATE OF DEPOSIT

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CERTIFICATE OF DEPOSIT ACCOUNT

Ideal for anyone who is looking for an investment with safety and a competitive rate of return.
 

Certificates of Deposit

Interest Rate

Annual Percentage Yield  (APY) Minimum Deposit to Open Minimum Balance to Earn APY Interest Calculation

3 Month CD (91 - 181 days)**

APY is based on a 90 day CD

2.48%

    2.50%

$ 1,000.00

$           .01

Simple at Maturity

6 Month CD (182 - 364 days)**

APY is based on a 182 day CD

2.74%

 

     2.77%

 

$ 1,000.00

 

$           .01

 

Compound Quarterly

 

1 Year CD (12 - 23 months)**

APY is based on a 12 month CD

2.99%

 

     3.02%

    

$ 1,000.00

   

$           .01

 

Compound Quarterly

 

2 Year CD (24 - 35 months)**

3.16%

     3.20%

 $ 1,000.00

$           .01

Compound Quarterly

3 Year CD (36 - 47 Months)**

3.21%

     3.25%

$ 1,000.00

$           .01

Compound Quarterly

4 Year CD (48 - 59 Months)**

3.32%

    3.36%

$ 1,000.00

$           .01

Compound Quarterly

5 Year CD (60 - 71 Months)**

3.43%

     3.47%

$ 1,000.00

$           .01

Compound Quarterly

 There may be a penalty for early withdrawal of principal balances from CDs.  They are:

 n       CDs less than 3 months  - All simple interest earned if balances were on deposit until 
           maturity.
 n       CDs 3 mo. - 364 days     - 3 months interest.
 n       CDs 1 year and greater   - 6 months interest.

Certificates of deposit are automatically renewable.

 Advertised interest rates and APY’s are subject to change daily.  APY’s are accurate as of April 10, 2008 and assume earnings are credited to the account and remain on deposit.  Interest withdrawals will reduce earnings.

**  All certificates can be used as IRAs.

All rights reserved. River Cities Bank, Member FDIC, Equal Housing Lender