A Certificate of Deposit at the River Falls State Bank offers a competitive interest rate, flexible terms and financial safety. Whether your financial goals are short-term or long-term, we have the certificate that can meet those goals.

Rate Information

Unless you choose otherwise, the interest on your account will be compounded and credited quarterly. Interest begins to accrue on the business day you deposit any cash or non-cash item (for example, checks).

Balance Computation Method

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Early Withdrawal Penalty

If you withdraw any principal before the maturity date, a penalty equal to three months interest will be applied to any certificate with an original maturity of one year or less, or a penalty equal to six months interest will be applied to any certificate with an original maturity of more than one year.

Renewal Policy

This account will be renewed automatically at maturity. You have a grace period of 10 days after the maturity date to withdraw funds.

Transaction Limitations

After the account is opened, you may not make additional deposits into the account. Withdrawals of the principal are subject to the above Early Withdrawal Penalty.

IRA Closing & Transfer Fee

$25.00

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