Certificates of DepositCertificates of Deposit

A Certificate of Deposit is similar to a savings account in that they are insured and thus virtually risk-free (CDs are insured by the FDIC for banks).  They are different from savings accounts in that the CD has a specific, fixed term (often three months, six months or one to four years), and, usually, a fixed interest rate.  It is intended that the CD be held until maturity, at which time the money may be withdrawn with the accrued interest.

Certificate of Deposit Rates
TERMRATE %APY
3 Month *NO PENALTY* 0.15 0.15
6 Month 0.50 0.50
12 Month 0.70 0.70
18 Month 0.80 0.80
24 Month 0.90 0.90
30 Month 1.00 1.00
36 Month 1.25 1.26
48 Month 1.35 1.36
*No Penalty* feature available on 3 month COD only.
Interest on all COD's is compounded quarterly.  Minimum deposit is $500.00.  Substantial penalty for early withdrawal.  The Annual Percentage Yield assumes interest will remain on deposit until maturity.  A withdrawal of interest will reduce earnings.  Call Cornerstone Bank for effective rates after the quoted date.

QUOTED RATES GOOD THROUGH 06/05/2012

Premier Money Market Account
RATE %APY %BALANCE RANGE
0.00 0.00 $0 - 999.99
0.15 0.15 $1,000 - 49,999.99
0.15 0.15 $50,000 - 99,999.99
0.25 0.25 $100,00 - 249,999.99
0.50 0.50 $250,000 - 499,999.99
0.70 0.70 $500,000 & Over
Daily access to your money by check.  Effective 7/2/09, you may have up to 6 debits per statement cycle. Rates may change and fees may reduce earnings.  $1,000 minimum required to open a Premier Account.  Interest is compounded and credited every month.  Annual Percentage Yield (APY) effective 05/02/2012.