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Main Office
1000 South State Street
Jerseyville, IL 62052
Phone: (618) 498-6466
Wal-Mart Banking Office
1316 South State Street
Jerseyville, IL 62052
Phone: (618) 639-2265
Grafton Banking Office
14 East Main Street
Grafton, IL 62037
Phone: (618) 786-2311
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Certificates of Deposit
Certificate of Deposit
Our traditional Certificates of Deposit are issued in any dollar amount above the minimum of $1,000.00, ranging from 91 days to 5 years. Interest may be paid by check, deposited to another account or compounded quarterly. Interest rates and payment options vary by the size and term of the certificate purchased.Interest begins to accrue from date of deposit and will be credited to your account or paid to you quarterly. Withdrawal of interest prior to maturity will reduce earnings. We use Daily Balance Method to calculate interest on your account. This applies a daily periodic rate to the principal in the account each day.
Renewal Policy:
If your Certificate is SINGLE
MATURITY and does not automatically renew, present it PROMPTLY at
maturity as no interest is payable after the maturity date.
If your Certificate will AUTOMATICALLY RENEW, you will have a grace period of
ten (10) days from the maturity date to present this Certificate for payment
without penalty. If the Certificate automatically renews, it will be renewed at
the rate in effect at this institution on the date of maturity.
Option Certificate of Deposit
This Certificate of Deposit requires an opening balance of $5,000.00. The initial term of the Certificate of Deposit is thirty-six (36) months and is automatically renewable as per the renewal policy. A one time "option" will be granted to the purchaser of the Option CD with a face amount of at least $5,000.00. You may exercise this option once during the initial term to adjust the annual percentage yield and interest rate payable on the certificate during the remainder of the initial term. We reserve the right to require the right to present the Option Card given to them at the time of purchase, before the option may be exercised. Interest is compounded quarterly, no interest checks will be issued or credited to another account.
Renewal Policy:
Your Certificate will AUTOMATICALLY RENEW and you will have a grace
period of ten (10) days from the maturity date to present this
Certificate for payment without penalty. The Certificate
automatically renews at the rate in effect at this institution on
the date of maturity.
Multiplier Certificate of Deposit
This Certificate of Deposit requires an opening balance of $250.00.
The initial term of the Certificate of Deposit is thirty (30) months
and is automatically renewable as per the renewal policy. Additional
deposits may be made during the term of the Certificate of Deposit
at a minimum of $50.00 per additional deposit. Interest is
cRenewal Policy:
Your Certificate will AUTOMATICALLY RENEW and you will
have a grace period of ten (10) days from the maturity date to present this
Certificate for payment without penalty. The Certificate automatically renews at
the rate in effect at this institution on the date of maturity.
