Certificates of Deposit
Safe, secure, and FDIC insured. Stop by one of our branch locations and ask how we can help you achieve your short or long term financial goals.
Visit the Macatawa Bank location nearest you to open a CD today!
| PERSONAL TERM CD
| PERSONAL IRA TERM CD
| EASY EXIT CD
|
| DESIGNED FOR | For personal customers who prefer a low-risk investment with a fixed rate of return
| For personal customers who are looking to combine the tax advantage1 of an IRA with a fixed rate of return
| For personal customers who seek a low-risk investment with a liquidity feature
|
OPENING REQUIREMENTS
| $1,000
| $1,000
| $1,000
|
BALANCE TIERS
| $1,000 +
| $1,000 +
| $1,000 +
|
INTEREST RATE
| Fixed rate of return guaranteed for the term of the CD | Fixed rate of return guaranteed for the term of the CD
| Fixed rate of return guaranteed for the term of the CD |
ADDITIONAL FEATURES/EXTRAS
| - For personal use only
- No additional deposits
- Variety of available terms up to 60 months
- Interest accrued daily and paid according to the terms of the CD
- Automatic renewal
| - IRA plan product options: Traditional, Roth, SEP, Simple, Coverdell
- For personal use only
- No additional deposits
- Variety of available terms up to 60 months
- Interest accrued daily and paid according to the terms of the CD
- Automatic renewal
| - For personal use only
- No additional deposits
- Fixed rate of return guaranteed for the 12 month term of CD
- Interest accrued daily and paid according to the terms of the CD
- Automatic renewal
|
ADDITIONAL INFORMATION
| A penalty may be assessed for early withdrawal | A penalty may be assessed for early withdrawal
| Single withdrawal of entire balance allowed without penalty2 |
1 Consult your tax advisor.
2 Single withdrawal of entire balance allowed without penalty after the first 6 days of funding your CD. Easy Exit CDs will be assessed 7 days interest penalty if withdrawn within the first 6 days of opening according to Federal Regulation D.
3 Unlimited deposits may be made to the Homeowners CD. Minimum of $25 per deposit.
4 No early withdrawal penalty when used in conjunction with a Macatawa Bank mortgage or home equity product.