Certificates of Deposit Description: Account Description: These accounts allow you to earn competitive rates of interest at a term you can select. Requirements: Minimum balance to open account is $500.00. Minimum balance to receive the annual percentage yield disclosed is $500.00. Benefits: Save for the future while earning competitive rates of interest. Choose from terms ranging from thirty days to five years. Interest can be compounded, sent to you, or credited to another account. Cost: There is no cost associated with these accounts unless withdrawn before maturity. Interest penalty for early withdrawal.