Waldo State Bank Personal CDs

Certificates of Deposit

  • Certificates of Deposit range from 3 to 60 months.
  • Add-on Certificates of Deposit are available in 18 or 36-month increments.
  • The minimum balance required to open a CD is $1,000.
  • The maximum balance for an add-on CD is $100,000.
  • Compounding interest and crediting information for your CD will be provided at account opening. You may also contact us for more details. If you close your account before interest is credited, you will receive the accrued interest. A penalty will be assessed.
  • 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 from the first day of the deposit.
  • Contact Waldo State Bank for current rates.

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