Certificates of Deposit

The Lenox National Bank offers a variety of FDIC Insured Certificates of Deposit. Rates vary depending on minimum balance and maturity.

FIXED TERM CD'S

• $1,000.00 Minimum balance to open
• We offer fixed CD terms from 6 months to 5 years.
• The balance method is used to determine the balance on which interest is paid.
• Deposits are allowed only at maturity.
• Withdrawing principal is not allowed without penalties:
  CD term 1 year or less = a penalty of 3 month's interest.
  CD term greater than 1 year = a penalty of 6 month's interest.
• Monthly interest paid may be automatically deposited into an existing Lenox National Bank Account or a check may be issued.