Certificate of Deposit (CD)

BLC Community Bank offers a wide variety of FDIC insured certificates of deposit (CDs) at interest rates which will satisfy most investors. With a minimum balance of $2,500.00 you can open a Certificate of Deposit at BLC Community Bank. Interest frequency varies according to the term and the amount of your initial investment. Interest may be received by check, directly deposited to an account or added to the certificate. Certificates will automatically renew for the same term at the current posted rate of interest unless redeemed within 10 days of the maturity date.

• $2,500 minimum deposit required to open an account
• Flexible terms from 6 months to 5 years
• Several options for payment of interest earned; accumulate, by check, or conveniently deposited into a BLC checking or savings account quarterly and at maturity
• Penalties apply for early withdrawal

Limitations:
A penalty may be imposed for early withdrawal.
You have 10 days after the maturity date to withdraw or deposit funds without penalty.
This penalty does not apply at death.

*Additional disclosures provided on all BLC Community Bank accounts at account opening.