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Certificates of Deposit (CDs)

Summary

Not much in life is guaranteed — making Certificates of Deposit (CDs) all the more sweet. Earn fixed rates, higher than regular savings — guaranteed by FDIC insurance. Plus, enjoy a wide range of terms, ranging from 3 months to 5 years. It doesn’t get more flexible and safe than that!

Details:

  • Fixed rates, higher than regular savings
    • Receive higher rates by selecting a longer term
  • Provides a higher guarantee than other investments
  • Set aside for future savings goals
  • A wide range of terms available (from 3 months to 5 years)
  • No setup or maintenance fees
  • Early withdrawals subject to penalty*
  • $500 minimum deposit to open
*Early withdrawals may result in penalties: 3-6 months CD 1 month interest penalty; 12-24 month CD 3 month interest penalty; 30-60 month CD 6 month interest penalty.
CDARS

Let First Community Bank handle large balances the right way. A certificate of Deposit Account Registry Deposit® allows your cash to be fully insured by the FDIC. You gain better rates and peace of mind without inheriting the workload to match.

Details:

  • Insured investments above FDIC limit
  • Interest above standard savings, which may compare favorably with other investment alternatives
  • Convenience; everything is managed internally by First Community Bank:
    • One interest rate
    • One regular statement
    • One year-end tax form
  • Flexible maturity periods available
  • Helps support lending opportunities within your local community
  • Penalty for early withdrawal
Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.