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Posted By admin On October 19, 2010 @ 6:54 pm In | No Comments
A CD is an insured product with higher yields than a savings account. CD Terms can range from 7 days to 6 years. Rates are determined by term. It is best suited for consumers who want to invest funds in a safe and insured account while still getting a guaranteed return on that investment.
Interest can be compounded or withdrawn. A $1,000 minimum balance is required for all terms.
Early withdrawal penalties apply. Penalty varies according to term of CD:
Contact one of our Customer Service Representatives  for more information about applicable fees and terms.
Article printed from State Bank and Trust Company: http://www.sbtcajun.com
URL to article: http://www.sbtcajun.com/personal-banking/personal-investments/
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 Click here for current interest rates.: http://www.sbtcajun.com/?page_id=86
 Contact one of our Customer Service Representatives: http://www.sbtcajun.com/?page_id=60
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