Accounts: Regular Certificates of Deposit
This is an account, which you agree will remain on deposit with Alliance Bank for a specified time period or to a specific date. This Account is an interest earning account and the interest rate and annual percentage yield will not change for the term of the account.
Terms offered include:
6-Month, 12-Month, 16-Month, 24-Month, 36-Month and 48 Month.
- Minimum balance to open - $500 unless otherwise stated
- No additional deposits or withdrawals until the maturity date.
- Interest bearing account.
- Early withdrawal penalty. If you withdraw any of the principal before the maturity date, Alliance Bank may impose a penalty of $100.00 plus (depending on the original term) the loss of two or six months of interest earned.