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A Certificate Account is similar to a savings account, the major difference being you agree to keep a pre-determined amount of money in the certificate account for a specified amount of time. In exchange for agreeing to keep your money in the account for the term of the certificate, you are guaranteed a higher interest yield.

There are two types of Certificate Accounts - Regular and Individual Retirement Account (IRA). Each have terms ranging from 6 months to 60 months. Each type of Certificate Account has its own conditions and restrictions. Both are subject to penalties for early redemption.

 Certificate Rates
Description
Base Rate
Min. Amount
APY*
6 mo. CD
.60% $500 .60%
6 mo. CD Plus .60% $50,000 .60%
6 mo. IRA CD .60% $500 .60%
6 mo. IRA CD Plus .60% $50,000 .60%
12 mo. CD 1.19% $500 1.20%
12 mo. CD Plus 1.19% $50,000 1.20%
12 mo. IRA CD 1.19% $500 1.20%
12 mo. IRA CD Plus 1.19% $50,000 1.20%
24 mo. CD .75% $500 .75%
24 mo. CD Plus 1.00% $50,000 1.01%
24 mo. IRA CD .75% $500 .75%
24 mo. IRA CD Plus 1.00% $50,000 1.01%
36 mo. CD

.85%

$500 .85%
36 mo. CD Plus 1.10% $50,000 1.11%
36 mo. IRA CD .85% $500 .85%
36 mo. IRA CD Plus 1.10% $50,000 1.11%
48 mo. CD .95% $500 .95%
48 mo. CD Plus 1.20% $50,000 1.21%
48 mo. IRA CD .95%
$500 .95%
48 mo. IRA CD Plus 1.20%
$50,000 1.21%
60 mo. CD 1.59%
$500 1.60%
60 mo. CD Plus 1.59%
$50,000 1.60%
60 mo. IRA CD 1.59% $500 1.60%
60 mo. IRA CD Plus 1.59% $50,000 1.60%

 

Stop by one of our branches to obtain a CD. 

 

*Annual Percentage Yield. Fees could reduce earnings on the account. Rates subject to change at any time without notice.
A penalty will be imposed for withdrawals made prior to maturity. You will pay an early withdrawal penalty of up to 120 days of dividend payment on your Share Certificate. There is a $500 minimum to open a certificate account. **The bump option can be utilized once per 6-month share certificate. ABCO makes no guarantee that bump rate share certificate holders will be able to exercise this option since there is no way of predicting future rates. Offer ends 5/31/18. ***A one-time additional deposit is permitted on the promotional 6-month share certificate. Offer ends 5/31/18.

 

 

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