CDs & IRAs
CERTIFICATES OF DEPOSIT
| Minimum deposit required to purchase and to obtain Annual Percentage Yield (APY) | $1,000.00 |
- Additional Fees: See Deposit Related Miscellaneous Fees and Charges.
- Interest Rate: Contact the Bank.
- Annual Percentage Yield: Contact the Bank.
- Interest computed on the daily balance.
- Interest Compounded monthly, quarterly, semi-annually, annually or at maturity & credited to your account or paid to you monthly, quarterly, semi-annually, annually, at maturity or as Agreed Upon.
- Interest begins to accrue on the business day you deposit non-cash items.
- Should you receive the interest earned on you Certificate of Deposit prior to maturity by check or a deposit to another account, earnings may be less than the stated Annual Percentage Yield.
- If your Certificate is Single Maturity and does not automatically renew, present it promptly at maturity as no interest is payable after the maturity date.
- If your Certificate automatically renews, you will have a grace period of 10 days from the maturity date to withdraw your funds without being charged a penalty as shown below. It will renew at the rate in effect at this institution on the date of maturity; which can be determined by calling (318) 647-3677 on the day of maturity.
| Acct Type | Interest Rate | Early Withdrawal Penalty |
|---|---|---|
| 7 – 31 Day | Contact the Bank | 1 Months Interest |
| 91 Day | 1 Months Interest | |
| 182 Day | 3 Months Interest | |
| 9 Month | 3 Months Interest | |
| 365 Day | 3 Months Interest | |
| 18 Month | 6 Months Interest | |
| 24 Month | 6 Months Interest | |
| 5 Year | 6 Months Interest |
INDIVIDUAL RETIREMENT ACCOUNT (IRA)
| Minimum deposit required to open | $200.00 |
| Monthly maintenance fees: | None |
| Per check/debit posted | No Charge |
| Statement Period: | Annually |
- Additional Fees: See Deposit Related Miscellaneous Fees and Charges.
- Interest Rate: Contact the Bank.
- Annual Percentage Yield: Contact the Bank.
- Interest computed on the daily balance.
- Interest compounded quarterly & credited to your account quarterly.
- Interest begins to accrue on the business day you deposit non-cash items.
- If you close your account before interest is credited, you will not receive the accrued interest.
- Interest Rate and Annual Percentage Yield may change on your account, at any time, at our discretion.