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CDs
A Certificate of Deposit is a safe, flexible account. Your return will be your original deposit, plus the interest you earn. The interest paid to you depends on the interest rate and the length of time you agree to leave your money on deposit.  Calculate your potential earnings using our Compound Savings Calculator. 
  • $2500 minimum deposit to open account
  • Maturity terms available from 3 months to 5 years
  • Fixed interest rate on daily balance until maturity.
  • You choose how you want to receive your interest payments. Interest may accumulate in the CD, or we can automatically deposit it to a Timberwood Bank checking, savings or money market account quarterly.
  • Additional deposits are not allowed until maturity. Check writing is not allowed.
  • Maturity notices are mailed prior to maturity date.
  • Early withdrawal penalties may reduce earnings
  • FDIC
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