A Certificate of Deposit from Commerce National Bank offers interest earning power, with the added benefits of liquidity and safety. Depending on your needs, you can choose a term from one month to four years. And it doesn't take a lot of money to invest in a CD.
|Term||Less than 1 Year||1 Year - 18 Months||2 Years and Greater|
|Min. to Open||$1,000||$1,000||$1,000|
|Partial Withdrawls Allowed||None||None||None|
|Early Withdrawal Penalty||30 Days Simple Interest, whether earned or not||90 Days Simple Interest, whether earned or not||180 Days Simple Interest, whether earned or not|
|Interest Calculation Method||Daily Balance Method||Daily Balance Method||Daily Balance Method|
|Renewals / Grace Period after Maturity to withdraw without Penalty||Automatic Renewal 10-Day Grace Period||Automatic Renewal 10-Day Grace Period||Automatic Renewal 10-Day Grace Period|
|Additional Deposits||None Allowed||None Allowed||None Allowed|
Contact a Personal Banker for additional information.