Waldo State Bank Personal CDs

Certificates of Deposit

Personal Certificates of Deposit Benefits

  • Competitive rates
  • Rate specials (contact us about any current specials)
  • FDIC insured (Federal Deposit Insurance Corporation insured)
  • Personal certificates of deposit (CD) range from 91 days to 60 months.
  • Add-on personal certificates of deposit are available in 18 or 36-month increments

Personal Certificates of Deposit Details

  • The minimum balance required to open a personal certificates of deposit (CD) is $1,000.
  • The maximum balance for an add-on personal CD is $100,000.
  • Compounding interest and crediting information for your personal CD will be provided at account opening.
  • If you close your account before interest is credited, you will receive the accrued interest.
  • If you close your account before the term is up, a penalty will be assessed
  • We use the daily balance method to calculate the interest on your account
  • Daily periodic rate to the principal in the account each day from the first day of the deposit

Scholastic Add-On Certificates of Deposit

  • Available for ages 18 and younger
  • Custodial account requires a $500 minimum opening balance
  • No penalty for withdrawals for education purposes
  • Minimum deposit/withdrawal is $100

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

Newsletter Sign-up

Interested in bank news & updates?