| IThere’s a real business opportunity
hidden in that extra cash you have sitting around until it
has to be paid out again. Why not put it in a Coconut Grove
Bank Certificate of Deposit? Regardless of fluctuations in
the market, our Certificates of Deposit earn a favorable guaranteed
rate of return. They can also be used as collateral of a low-interest
loan, so the flexibility is built right in. Available in terms
from 31 days to five years.
| Higher rate of interest is
earned |
Increase income. |
| Terms from 31 days to 60
months are available |
Match term to your investment
and cash flow strategy. |
| Interest can be credited to the CD or
transferred to another CGB Account |
Allows flexibility to build assets or
generate cash flow. |
| Online Banking and Grove Bank 24 |
FREE Online Banking and FREE
Grove Bank 24 telephone banking gives 24/7 account access
over the Internet or by telephone. |
| FDIC Insured |
Account balance insured up to the maximum
allowed by the Federal Deposit Insurance Corporation for
safety and peace of mind. |
Early Withdrawal Penalty:
Certificates with terms of 31 days or less require a forfeiture
of all interest earned. Certificates with terms of greater
than 31 days to less than one year incur a 30-day simple interest
penalty. Certificates with a term of 1 year and greater incur
a 90-day interest penalty. Additional information is included
on the Certificate of Deposit disclosure.
Getting Started:
For additional details and restrictions or to open an account,
please visit your local Coconut Grove Bank Branch Office.
Click here for hours and branch
locations. |
