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Deposit Products2 Year Certificate of Deposit
- $500 minimum deposit to open
- Account closed if balance falls below $500
- Fixed term certificate, no additions allowed during term
- Interest rate set by Bank. Interest rate will be effective for the term of the account
- Interest is figured on a daily balance, credited to the account quarterly. Interest compounded quarterly
- Interest payment methods: posted to the account quarterly, check sent monthly providing account balance is $5,000 or more, quarterly, semi-annually, or annually, or transferred to another KeySavings Bank account monthly, quarterly, semi-annually, or annually
- Bank will mail notice of maturity two weeks prior to maturity
- Account will automatically renew as of the maturity date, after the grace period, for a new 2-year term. Renewal interest rate will be the rate in effect on maturity date
- There is a seven calendar day grace period after the maturity date to withdraw funds without a penalty
- Early withdrawal penalty:
Six months interest on the amount withdrawn subject to penalty
- Statement produced monthly
Deposit Products

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