Certificates of Deposit Features
Abbeville First Bank offers a wide range of certificates with maturity dates and interest rates designed to suit your needs. Interest will be paid to you as described in your evidence of account (certificate). A withdrawal will reduce earnings. You must maintain the minimum balance in your account each day to obtain the annual percentage yield as listed. After the account is opened, deposits are allowed at the discretion of the institution. If you withdraw any principal before the maturity date, a penalty may be imposed.
All certificates renew automatically as prescribed in your certificate at the rate being paid by the institution on accounts of that type on that date. You will have a grace period of (10) ten calendar days, beginning the date of maturity, to withdraw funds without being charged a penalty.
