There’s a real financial opportunity
hidden in that extra cash you have sitting around until it
has to be paid out again. Regardless of fluctuations in the
market, our Certificates of Deposit earn a highest interest
possible under FDIC insurance protection. 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 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 disclosures for Certificates
of deposit are 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. |
