For customers who need flexible access to account funds
For customers who want to earn a higher interest rate while still having immediate access to investment dollars
Designed to help customers get a head start on holiday shopping (Automatic deductions are made monthly from your checking account beginning January of each year)
Standard TCD offers fixed terms and rates from 90 days to 5 years
Jumbo TCD offers fixed terms and rates from 30 days to 5 years
(Funds are not accessible without penalty until account term is completed)
Opening Balance:
$50
$200
Standard: $2,000
Premium: $10,000
$25
(minimum monthly deduction)
Standard: $2,000
Jumbo: $100,000
Minimum Balance To
Avoid Service Charge:
None
$300
$2,500
None
None
Monthly Service Charge:
(If minimum balance not
maintained)
None
$4
$10
None
None
Interest:
If account is closed prior to interest payment period, you will not receive the accrued interest
Interest accrues at current market rate
Interest is compounded daily and credited to the account quarterly
If account is closed prior to interest payment period, you will not receive the accrued interest
Interest accrues at current market rate
Interest is compounded daily and credited to the account quarterly
If account is closed prior to interest payment
period, you will not receive the accrued interest
Rates are subject to change daily according to the
current money market rates
Money Market rate interest is earned only when a minimum
balance is maintained
Standard accounts below the minimum earn interest at a
lower rate;
Premium accounts below the minimum do not earn interest
If account is closed prior to maturity, you will not receive the accrued interest
Interest accrues daily and is paid at maturity
Interest rates vary according to length of account term
Interest can be added to principal, quarterly, or at maturity when paid
Transaction Limits:
Transfers
from a Minor Trustee Savings account to another account or
to third parties by preauthorized, automatic, telephone, or
computer transfer are limited to six each four week period
(statement cycle) with no more than three transfers by draft, debit
care, or similar order to third parties
An excess debit fee of $2.00 will be charged for each
debit transaction (withdrawal, automatic transfer or payment
out of this account) in excess of three each four week
period (statement cycle)
Transfers
from a Regular Savings account to another account or to
third parties by preauthorized, automatic, telephone, or
computer transfer are limited to six each four week period
(statement cycle) with no more than three transfers by draft, debit
care, or similar order to third parties
An excess debit fee of $2.00 will be charged
for each debit transaction (withdrawal, automatic transfer
or payment out of this account) in excess of three each four
week period (statement cycle)
Transfers from a Money Market account to another account
or to third parties by preauthorized, automatic, telephone,
or computer transfer are limited to six per each four week
period (statement cycle) with no more than three transfers by
draft or similar order to third parties.
$15 per transfer exceeding the maximum
Account matures in November and is automatically
deposited into your designated checking account
Withdrawals are not allowed
No automatic deductions in November and December
Early withdrawal penalties apply.*
Ask for details
Benefits:
Flexible access to account funds
Account earns interest at current market rate
Flexible access to account funds
Account earns interest at current market rate
Tiered to pay higher rates for higher balances
Allows you to automatically save each month for your holiday shopping
Offers a fixed rate of interest on funds deposited
Automatically renewable for a like period, at the current market rates in effect at the time of renewal.
*Federal regulations may require
a substantial penalty for every
withdrawal of funds from a time
deposit.
Please Note: This information is accurate as of
March 2008.
Central Valley Community Bank reserves the right to make changes at any time as a result of a change of policy, law, and regulation or otherwise.
