If you have money that you may not need for a while and are looking for higher interest rates and safety of principal, a Premier Bank Certificate of Deposit may be perfect for you.
Premier Bank offers Certificates of Deposits (CDs) that pay market rates of interest, with a wide variety of maturities from 90 days to five years. Minimum opening deposit is only $500. Premier Bank also offers the Penalty Free CD. This flexible product allows one withdrawal or closure of CD prior to maturity, with no penalty.
Interest earned on your CD may be paid monthly, quarterly, semi-annually, annually or at maturity. The interest may also be credited to a Premier account or mailed to you in the form of a check.
You have a 10-day grace period after maturity, in which changes to the terms of the CD may be made.