Certificate of Deposit Account
Check out the wide range of flexible investment CD options we offer. An investment in a CD is a great way to save for the future without assuming risk.
- $1,000 minimum opening balance except for special offerings.
- Flexible terms of 91 days to 5 years.
- Interest paid one of the following ways:
- Compounded (interest added to the CD).
- Paid by check.
- Deposited directly to a checking or savings account.
- Automatically renewable feature gives you the flexibility to renew at the current annual percentage yield while saving you a trip to the bank.
- You will receive a Maturity Notice approximately 10 days prior to the maturity date of the certificate allowing you sufficient time to think about any changes you might wish to make to your investment. Due to new laws in 2018 the State of Illinois requires Granville National Bank to have you provide acceptance on every certificate of deposit automatic renewal. A renewal notice will also be sent on the maturity date of the certificate.
- You have a 10 day grace period following the maturity date to make any desired changes. Interest will be paid for the first seven days of the 10 day grace period.
- Penalty for early withdrawal.
- FDIC Insured.
