Certificates of Deposit
Short Term Certificate of Deposit
At Leader Bank, we offer a variety of certificates, designed to accommodate your
particular investment goals. Short term certificates are from one to eleven months.
Interest is posted at maturity.
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Term
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Balance Required to Open Account
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Interest
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Charges
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1 - 11 months
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$1000
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Simple interest paid at maturity
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Penalty for early withdrawal
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- A penalty will be charged for early withdrawal of principal.
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- You may borrow against your CD at a rate equal to two percent
(2%) over the rate of interest being paid on your deposit account.
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- Collateral loans are written on demand basis with payments
of interest only due monthly.
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Long Term Certificate of Deposit
A longer term certificate of deposit from Leader Bank offers you high interest earning
power, with the added benefits of liquidity and safety. Depending on your needs,
you can choose a term from one to five years. Interest is posted at month-end and
at maturity.
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Term
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Balance Required to Open Account
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Interest
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Charges
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1 - 5 years
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$1000
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Accrues daily; Compounded monthly
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Penalty for early withdrawal
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- Interest payments may be transferred to another account,
left to accumulate in the CD or sent to you by check monthly. A penalty will be
charged for early withdrawal of principal.
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- You may borrow against your CD at a rate equal to two percent
(2%) over the rate of interest being paid on your deposit account.
|
|
|
- Collateral loans are written on demand basis with payments
of interest only due monthly.
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