Interest can be paid either by compounding at maturity, by check monthly or at maturity, or by transfer to another account at Security Bank monthly or at maturity
Fee we may impose for early withdrawal is 30 days loss of interest on amount withdrawn
182 Day Certificate
$1,000.00 opening minimum
Interest can be paid either by compounding quarterly, by check monthly, quarterly, or at maturity, or by transfer to another account at Security Bank monthly, quarterly, or at maturity
Fee we may impose for early withdrawal is 90 days loss of interest on amount withdrawn
12 Month, 24 Month, 36 Month Certificates
$1,000.00 opening minimum
Interest can be paid either by compounding quarterly, by check monthly, quarterly, or at maturity, or by transfer to another account at Security Bank monthly, quarterly, or at maturity
Fee we may impose for early withdrawal is 182 days loss of interest on amount withdrawn
24 Month and 36 Month Step-Up Certificates
$1,000.00 opening minimum
Interest can be paid either by compounding quarterly, by check monthly, quarterly, or at maturity, or by transfer to another account at Security Bank monthly, quarterly, or at maturity
May step up rates 2 times on 24 Month Step-Up Certificate and 3 times on 36 Month Step-Up Certificate during the term of the certificate
Fee we may impose for early withdrawal is 182 days loss of interest on amount withdrawn
Individual Retirement Accounts (IRAs)
18 Month Traditional IRA
$100.00 opening minimum
Variable and fixed rates available
Deposits can be made into account (as allowed by IRS rules)
Fee we may impose for early withdrawal is 182 days loss of interest on amount withdrawn (Special rules apply for account owners 59 1/2 & over)
In certain circumstances such as the death or incompetence of an owner of these accounts, the law permits, and in some cases, requires the waiver of an early withdrawal penalty on Certificate of Deposits and IRAs.
Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money laundering, federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When we open an account, we will ask your name, physical address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver’s license and/or other identifying documents.
Check with a Customer Service Representative for current Certificate of Deposit and IRA rates.
Security Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC).
