Waldo State Bank Personal CDs

Certificates of Deposit

  • Certificates of Deposit range from 3 to 60 months.
  • Add-on Certificates of Deposit are available in 18 or 36-month increments.
  • The minimum balance required to open a CD is $1,000.
  • The maximum balance for an add-on CD is $100,000.
  • Compounding interest and crediting information for your CD will be provided at account opening. You may also¬†contact us for more details. If you close your account before interest is credited, you will receive the accrued interest. A penalty will be assessed.
  • 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 from the first day of the deposit.
  • Contact Waldo State Bank for current rates.
  • Scholastic Add-On CDs are available for those 21 and younger. The Custodial Account requires a $500 minimum opening balance and has no penalty for withdrawals for education purposes. The minimum deposit/withdrawal is $100.¬†

For information on custodial certificates of deposit, visit our kid's club page!

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