Certificates
Open an AccountLock in a competitive interest rate with a share certificate All certificates at New Century have a $1,000 minimum deposit but we offer a variety of terms to suit your needs. Terms range from 6 months to 5 years (60 months). All dividends are paid quarterly, and penalties apply based on the term invested. One month prior to maturity, you will receive notice giving you the option to withdrawal funds or to roll them over into a new certificate.
- Regular Share Certificates
- IRA Certificates
- Higher dividend rate than normal savings
Early Withdrawal Penalty
A penalty may be imposed for early withdrawals. Penalties are based on the original term of the certificate and the amount of the withdrawal. Penalty may reduce principal.
| Terms | Penalty |
|---|---|
| 6 Month | 30 Days Dividends |
| 1 Year | 90 Days Dividends |
| 2-5 Year | 180 Days Dividends |