INSTANT IS NOW MORE CONVENIENT THAN EVER! WE NOW OFFER REMOTE DEPOSIT FROM YOUR MOBILE DEVICE!
Requirements:
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- Minimum balance to open is 1000.00
- Available to individuals 70 1/2 who have earned income credit
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Benefits |
- No Monthly service charge
- Wide range of investment terms (1 to 5 years)
- Certainty of knowing the return of your money
- Principle can be tax deductible
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Cost |
- 10% IRS penalty applies for withdrawals prior to age 59 1/2
- 90 days interest penalty on the amount withdrawn if term of 1 year or less
- 180 days interest penalty on the amount withdrawn if term of CD is more than 1 year
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