Greenfield Banking Company

Forfeit all interest earned on the amount withdrawn but not less than one-half the amount withdrawn would have earned if left to maturity.

Lose one month's interest on the amount withdrawn.

Lose three month's interest on the amount withdrawn.

Lose six month's interest on the amount withdrawn.
In all instances the principal may be invaded, if necessary, to impose penalty.

A Certificate of Deposit is a time deposit payable only upon surrender of a formal receipt properly endorsed at the date of term specified. Certificates are available to individuals, municipalities, businesses, corporations, organizations or trusts.

Length of Maturity

Minimum Deposit

Penalty (if withdrawn
before maturity)

Other Features

7-31 Days

$10,000

More Info

GBC rates usually change on Tuesday but any rates can change daily.

2-3 Months

$5,000

More Info

4-11 Months

$5,000

More Info

12 Months

$1,000

More Info

13-60 Months

$1,000

More Info

Special Notes:

When interest is to be paid: To qualify for compounding monthly customer must invest $5,000.00 or more. If less than $5,000.00 compounding quarterly can be offered (must be able to divide length of CD by 3.) Other options: semi-annually, annually or end of term (end of term cannot be longer than 12 months.)

How interest is to be paid: Interest may be paid one of three ways: (1) Check, (2) Deposited to an account, or (3) Compounded.

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