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 HarborLight Credit Union offers two types of Certificates of Deposit to meet your needs.......Regular CDs and Jumbo CDs! The minimum opening deposit for a Regular CD is $500 and you may not make add-on deposits to the CD. Withdrawals of the interest earned are allowed without penalty. The minimum opening deposit for a Jumbo CD is $50,000 and you may not make add-on deposits to the CD. Withdrawals of the interest earned are allowed without penalty. You may purchase both Regular and Jumbo CDs as either Share certificates or Individual Retirement Account (IRA) certificates. The rates for both Share and IRA CDs are determined by the term you purchase.
Use PerkPoints to get a higher CD rate! Interest is compounded and paid monthly. Invested principal may not be withdrawn from CD accounts prior to the maturity of the term. If an early withdrawal of principal must be made, the withdrawal amount cannot be less than $1,000 or the CD must be fully withdrawn. An early withdrawal penalty may be assessed. Early withdrawal penalties include forfeiture of a set number of days interest on the entire principal balance as determined by the term length of the certificate as follows:
No early withdrawal penalty will be assessed if the principal is withdrawn due to the death of any joint party to the certificate. All of our CDs automatically renew for another term upon maturity. For all CDs, you have a grace period of ten (10) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty. E-mail us for more information. |
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