Certificates 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 It is intended that the CD be held until maturity, at which time the money may be withdrawn with the accrued interest.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
Term	Interest Rate %	Annual Percentage Yield
3 Month NO PENALTY	1.34	1.35
6 Month	1.55	1.56
7 Month - Special	4.57	4.65
11 Month - Jump-Up**	4.52	4.60
12 Month	2.00	2.02
13 Month - Special	4.92	5.01
18 Month	2.14	2.16
24 Month	2.19	2.21
30 Month	2.25	2.27
36 Month	2.35	2.37
48 Month	2.45	2.47

*No Penalty* feature available on 3 month CD only.

**Rates may change after the account is opened. If the 11 month, or any shorter term CD rate goes up, you have the option of upgrading to the higher rate one time for the remainder of your term.

Interest on all CD'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 10/03/2023

Premier Money Market Account Rates
Balance Range	Interest Rate %	Annual Percentage Yield
$0 - 999.99	0.00	0.00
$1,000 - 49,999.99	1.09	1.10
$50,000 - 99,999.99	1.14	1.15
$100,000 - 249,999.99	1.39	1.40
$250,000 - 499,999.99	1.59	1.60
$500,000 & Over	1.99	2.01

Daily access to your money by check. 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 08/02/2023.