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Certificates of Deposit
A Certificate of Deposit is a non-negotiable, interest-bearing time deposit. Funds are locked-in for a set term and rate, thereby earning a higher yield. Marion State Bank offers fixed rate CDs for variety terms and rates. CDs are automatically renewable.
$1,000.00 minimum balance to open
Interest will be credited to your account at maturity. Alternatively, you may choose to have interest paid to you or to another account every month rather than credited to this account.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
CD rates are tiered by the amount and time of the CD.
Terms range from 3 months to 60 months
A penalty will be imposed for early withdrawal
Redeemable on day of maturity or within 10 days after maturity
Contact our New Accounts Department for further information on terms, rates, interest payments, and penalties on all CDs.