8 Month 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.
- $1,000 minimum deposit to open
- Account closed if balance falls below $1,000
- 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 at maturity. Interest will not be compounded
- Interest payment methods: posted to the account at maturity, check sent at maturity, or transferred to another KeySavings Bank account at maturity
- 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 8-month 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:
Three months interest on the amount withdrawn subject to penalty - Statement produced monthly
