Certificates
A certificate of deposit (or CD) is a secure investment. For maturity options, rates and minimum balances see "Interest Rates."
Our rates are competitive and begin to accrue on the business day of the deposit. Earnings are paid quarterly if the term is one year or longer and at maturity for shorter terms. There is a substantial interest penalty for early withdrawal.
The Milledgeville State Bank Certificates of Deposit:
- Milledgeville State Bank CDs can be automatically renewed.
- If the automatic renewal option is not chosen, the account will not renew at maturity. If the account is not renewed, the funds will not earn interest following maturity.
- A notice is sent two weeks prior to maturity.
- We have a grace period of 10 calendar days from date of maturity to withdraw funds without penalty.
- Milledgeville State Bank certificates of deposit are insured through the FDIC up to $100,000.
Contact Milledgeville State Bank for additional information by calling 1-815-225-7171.
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