Taking savings a step further… with CDs, SIMPLE, and SEP IRA’s
- All CDs require $500 to open.
- There are 6 – 60 month terms available and once open; the same interest rate applies through maturity.
- Should you withdraw the principal before the maturity date, you may be subject to an early withdrawal penalty.
NOTE: From time to time, Prairie Mountain Bank offers Special Growth Certificates of Deposit that allow you to add to the account. The added funds become part of the principal and earn interest from the date of deposit.