2 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.

  • $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    Six months interest on the amount withdrawn subject to penalty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