Certificate of Deposit:
The Hopeton State Bank offers a variety of CD's to fit your investment needs. Minimum deposit for a CD is $1000.00. Certificates are written with a fixed interest rate for the selected term. Certificate terms available are three, six, twelve, and eighteen, twenty four and thirty six months. You decide if the certificate has a single maturity date or is automatically renewable. Withdrawals from certificates prior to maturity are subject to penalty.
Penalties:
A penalty equal to 2 months interest will be charged on accounts with terms of less than 6 months. In some cases the principal may be reduced.
A penalty equal to 3 months interest will be charged on accounts with terms of 6 - 11 months. In some cases the principal may be reduced.
A penalty equal to 4 months interest will be charged on accounts with terms of 12 - 23 months. In some cases the principal may be reduced.
A penalty equal to 5 months interest will be charged on accounts with terms of 24 - 35 months. In some cases the principal may be reduced.
A penalty equal to 6 months interest will be charged on accounts with terms of 36 months or greater. In some cases the principal may be reduced.
For more information and current interest rates call one of our friendly account representatives today at:
580-435-2221 or Toll Free at 800-435-0043.