Certificates of Deposit (CDs) provide depositors a higher interest rate than savings accounts. CDs are for depositors, including individuals, businesses, corporations, and other entities, that desire short or intermediate-term investment earnings. CDs are suitable for those who can invest monies for a period of time without withdrawal privileges. CD maturities are offered in varying terms.
See the tabs below for more information on CDs.
All CDs
CDs provide depositors a higher rate alternative than savings accounts. CDs are intended for depositors who can invest monies for a period of time, without withdrawal privileges. Note: Certificates pay market rates consistent with the term selected and may be Federal Deposit Insurance Corporation (FDIC) insured. Maturities are offered in varying terms. Once a certificate is purchased the rate remains fixed for the full term. The minimum deposit to open is $1,000. A penalty will or may be imposed for early withdrawal.
The following applies to all CDs:
- Can be used as collateral for loans
- Can have interest distributed by check or by direct deposit into a checking or savings account at CCB
- Rates remain fixed for the full term (except for the 18-month variable-rate CD)
- The minimum deposit to open is $1,000.00. CCB imposes a penalty for early withdrawal
- Automatically renew at the interest rate to be determined
- 10-day (calendar) grace period after maturity to withdraw funds without being charged a penalty
- Each depositor is insured up to $250,000 by the FDIC; some or most of a client's deposits as CDs may be insured.
CDs Under $250,000 (Compound)
For certificates under $250,000, the bank offers the following:
Terms
- Interest compounded daily
- Paid monthly, quarterly, or annually by check, transfer to another CCB account, or deposited back into the CD
- $1,000 minimum deposit
- CD will renew at the interest rate to be determined
- 10-day (calendar) grace period after the maturity date to withdraw funds without penalty
Terms
Term |
Interest Paid |
Penalty |
|---|---|---|
7 to 89 days |
At maturity |
1-month interest |
3 months |
At maturity |
3-months interest |
6 months |
At maturity |
3-months interest |
12 months |
Quarterly |
6-months interest |
15 months |
Quarterly |
6-months interest |
18 months |
Quarterly |
9-months interest |
18 months (variable)** |
Quarterly |
9-months interest |
24 months |
Quarterly |
12-months interest |
30 months |
Quarterly |
12-months interest |
36 months |
Quarterly |
18-months interest |
48 months |
Quarterly |
24-months interest |
60 months |
Quarterly |
24-months interest |
Features
Below is a list of features that are offered for CD's under $250,000:
- The minimum deposit is $1,000
- Maturities are offered in varying terms
- Competitive rates
- Interest is compounded daily and paid monthly, quarterly, or annually
- The penalty will be imposed for early withdrawals
- Auto-renewable
Benefits
Below is a list of client benefits that are offered for CD's under $250,000:
- Provide interest rates competitive with similar term investments
- Can be used for collateral should a borrowing need arise
- Depositors may be insured up to $250,000 by the FDIC
- Interest can be directly deposited into a checking or savings account at Capital City Bank
Prospective Users
The following are considered prospective users for CDs under $250,000:
- Individuals
- Businesses
- Corporations
- Other entities
CDs Over $250,000 (Jumbo)
- Rates on these certificates are listed separately on the weekly rate sheet. Generally, the bank pays higher interest rates on these certificates
- Simple interest (interest on the original amount only)
- Refer miscellaneous day certificates to the Client Experience Manager to determine the rate of interest
- $250,000 minimum deposit
Terms
Term |
Interest Paid |
Penalty |
|---|---|---|
14 days |
At maturity |
1-month interest |
30 days |
At maturity |
1-month interest |
60 days |
At maturity |
1-month interest |
180 days |
At maturity |
3-month interest |
270 days |
At maturity |
3-month interest |
360 days |
At maturity |
6-month interest |
Features
Below is a list of features that are offered for CD's over $250,000:
- Minimum deposit of $250,000
- Maturities are offered in varying terms
- Higher interest rate
- Interest is paid at maturity, simple interest
- The penalty will be imposed for early withdrawals
Benefits
Below is a list of client benefits that are offered for CD's over $250,000:
- Provides a higher rate than smaller certificates
- Provide interest payment in a manner chosen by the client
- Can be used as collateral should a borrowing need arise
- Depositors are insured to $250,000 by FDIC
- Auto-renewable
Prospective Users
The following are considered prospective users for CDs over $250,000:
- Individuals
- Businesses
- Corporations
- Other entities desiring short or intermediate-term investment earnings.
CD Account Types
A CD can be opened for any of the following account types:
Personal |
Business |
|---|---|
Individual |
Association |
Joint |
Campaign |
Payable on Death (POD) |
Club / Civic Group |
Power of Attorney |
Corporation |
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Limited Liability Company (LLC) |
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Partnership |
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Political Action Committee (PAC) |
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Public Funds |
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Sole Proprietorship |