Certificates of Deposit
People today are looking for those "just right" investment opportunities to maximize their hard-earned dollars. Many are finding that Certificates of Deposit make an excellent short or long-term choice. Our Certificates are designed to give you the most competitive rates available... combined with safety and security.
Clackamas County Bank Certificates of Deposit are available with maturities ranging from 30 days to 6 years. A deposit of only $1,000.00 or more will allow you to earn competitive interest rates on your deposit.
Your interest rate and annual percentage yield will not change and will be in effect until maturity. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal on the account each day.
Interest begins to accrue on the day of the deposit. Interest will be compounded daily and credited monthly. You must maintain a minimum balance of $1,000.00 to earn the disclosed annual percentage yield.
You may not make additional deposits to your Certificate of Deposit. You may not withdraw principal before maturity without a penalty but you may withdraw interest. The annual percentage yield assumes interest remains on deposit until maturity and that a withdrawal will reduce earnings. The early withdrawal penalty is 30 day's interest for Certificates of Deposit which mature in less than 1 year, and 90 day's interest for Certificates of Deposit which mature in 1 year or more.
And remember... with a Certificate from us, you can relax knowing your deposits and the interest earned are insured by an agency of the federal government.
For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.