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Our Certificates of Deposit (CDs) were designed to help you meet your short and long term investment needs. In order to meet the safety and security features needed for retirement planning, many of our CDs are available as Individual Retirement Accounts.
Short Term Certificates of Deposit
Featuring:
• Automatic renewal
• Competitive rates
• Terms ranging from 91 days to 11 months
• Minimum balance to open is $2,500
• No monthly service charge
• Simple interest posted at maturity
• Funds may be added at maturity
• Insured up to $100,000 by FDIC (FDIC temporarily increased insurance from $100,000 to $250,000 until December 31, 2013)
• As with most CD's, there is a penalty for early withdrawal of principal
Long Term Certificates of Deposit
Featuring:
• Automatic renewal
• Competitive rates
• Terms ranging from 1 year to 5 years
• Minimum balance to open is $1,000
• No monthly service charge
• Interest is compounded daily and posted monthly
• Funds may be added at maturity
• Insured up to $100,000 by FDIC (FDIC temporarily increased insurance from $100,000 to $250,000 until December 31, 2013)
• As with most CD's, there is a penalty for early withdrawal of principal
• Interest can be withdrawn at any time.
More information on any of our products and services can be requested through e-mail (warning: do not send confidential information via email) or by calling us at (401) 847-5500.
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| NewportFed, 100 Bellevue Avenue, Newport, RI 02840 __ Telephone: 401.847.5500__ © 2008 NewportFed. All rights reserved.__ Member FDIC |
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_Equal Housing Lender |
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