4 Year CD
4 Year CD
KeySavings Bank offers a certificate of deposit that’s right for you. To obtain more information, or open an account, just stop by one of our convenient locations.
- $1000 minimum deposit to open
- Account closed if balance falls below $1000
- Fixed term certificate, no additions allowed during term
- Interest rate set by Bank. Customers are eligible for a one time rate bump up during the term of their certificate of deposit (4 year ONLY). For more details please see a customer service representative
- 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 $5000 or more, quarterly, semi-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 4-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 to withdraw funds without a penalty
- Early withdrawal penalty:
Twelve months interest on the amount withdrawn subject to penalty - Statement produced monthly
