Certificates of Deposit

Certificates of Deposit are always a good investment and an important part of your investment portfolio.

Fixed Rate Account: The interest rate and annual percentage yield on this account is fixed. You will be paid this rate until maturity. See our rate sheet for more details.

Compounding and Crediting: Certificates with terms of 1 year or more, interest will be compounded semi-annually and interest will be credited semi-annually and at maturity. Certificates with terms of less than 1 year, interest is not compounded during the term and interest will be credited at maturity.

Your minimum deposit, time and balance requirements: To open this account, you must deposit at least $1,000.00 for certificate terms 1 year or more. For certificate terms less than 1 year, you must deposit at least $2,500.00.

How we compute the balance to determine your interest: We use the daily balance method to calculate the interest on your account. The daily balance method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest on deposits other than cash: Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction Limitations: You may not make deposits into your account. You may not make withdrawals of principal from your account until the maturity date. Certificates with terms of 1 year or more, interest may be withdrawn semi-annually and at maturity. Certificates with terms of less than 1 year, interest may be withdrawn at maturity.

Early Withdrawal Penalties: We will impose a penalty if you withdraw any of the principal before the maturity date. The early withdrawal penalty may invade principal.

Term	Penalty
7 - 31 days	Penalty imposed will equal total interest to be earned for the CD term.
32 days - 1 year	90 days interest
Greater than 1 year - 18 months	135 days interest
Greater than 18 months - 2 years	180 days interest
Greater than 2 years - 30 months	225 days interest
Greater than 30 months	270 days interest

What happens at maturity: Unless we give you prior written notice, this account will renew automatically at maturity. You will have 10 calendar days after the maturity date to withdraw funds without penalty.

Other fees may be charged on this account.

Apply for an account online.

Farmers & Merchants Union Bank is participating in the FDIC's Transaction Account Guarantee Program. All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.