First Federal Savings Bank of Frankfort

First Federal's 9-month CD allows penalty-free withdrawals after the first 30 days. It's an excellent vehicle for short-term savings

Truth in Savings Account Disclosure

9-Month Certificate of Deposit (273 Days) With Penalty Free Withdrawal After 30 Days

Deposits are insured by the FDIC up to applicable limits

Rates are subject to change

Disclosure of Interest and Charges

Minimum Balance Requirements


• You must deposit $5,000 to open this account.

Fees


• Click here for Fee Schedule

Rate Information


• See previous page for current rate.
• You will be paid this rate until maturity.

Compounding and Crediting


• Interest will be compounded on a quarterly basis.
• The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
• Interest will be credited to your account on a quarterly basis and at maturity.
• Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Balance Computation Method


• We use the daily balance method to calculate the interest on your account.
• This method applies a daily periodic rate to the principal in the account each day.

Transaction Limitations


• You may not make deposits into this account until the maturity date.

Time Requirements


• You will be provided with the maturity date in your written account disclosures.

Early Withdrawal Penalty


• We may impose a penalty if you withdraw any of the deposited funds within 30 days of opening or renewing the account.
• The penalty will equal one month's interest
• The penalty will be assessed only on the amount withdrawn.
• Withdrawals made after this 30-day period will not be subjected to penalty.

Renewal Policy


• This account will automatically renew at maturity.
• You will have 10 calendar days after the maturity date to withdraw funds without penalty.