CDs | Bank of Bennington

Time Certificates of Deposit

$500.00 Minimum Balance to Open
A fixed rate account where the interest rate and annual percentage yield will not change for the term of the account, unless otherwise stated.
A term deposit account where you make a commitment to leave funds on deposit for a set period of time, anywhere from 3 months to 60 months View current rates
Interest will normally be compounded to the certificate at maturity for terms under 7 months and quarterly for terms of 9 months and up, or you may have the interest deposited into your account if we agree at opening
Interest is calculated using the daily balance method which applies a daily periodic rate to the balance in the account each day.
Certificates will automatically renew, you will have 10 calendar days after the maturity to withdraw funds without penalty
An early withdraw penalty will be imposed if funds are withdrawn before maturity
If the original term is one year or less, the fee we may impose is equal to 1 month interest
If the original term is over one year, the fee we may impose is equal to 3 months interest
If the original term is 60 months, the fee we may impose is equal to 6 months interest

For more information about any of our investment products, please contact a Bank of Bennington customer service representative at (402)238-2245 or stop by one of our locations and we would be happy to assist you.