Lock in a competitive interest rate with a share certificate. All of the Certificates at New Century have $1,000 minimum deposit, but there are a variety of terms available to suit your needs. Terms range from 6 months to 5 years (60 months). All dividends are paid quarterly, and penalties depend on the term invested. Different penalties for different terms. Call the office to calculate penalties. You will receive a notice one month before your CD matures, which gives you the option to withdraw the funds or roll over the CD into another certificate with the same term, or a different length.