Certificates of Deposit
Exclusive rates. Just for Richwood Bank customers.
If you have a checking, savings, or loan with Richwood,
you’ll receive our special relationship rate on CDs.
*Offer good for the initial term only. CD is automatically renewed for the same term. To qualify for relationship rates, customer must have an active checking, savings, or loan with Richwood Bank. The rate is determined based on the published rate for the CD, excluding CD specials, that is closest to but not exceeding the term of the CD. Annual Percentage Yield (APY) assumes principal and interest remain on deposit for the term of the certificate. Interest is compounded daily. Penalty may be imposed for early withdrawal. Fees could reduce earning on the account. APY is accurate as of 4/24/18. Product offering may be withdrawn any time. **Minimum balance to open an account and obtain the Annual Percentage Yield (APY) shown is $500. ***Minimum balance to open an account and obtain the Annual Percentage Yield (APY) shown is $100,000.
Certificates of Deposits (CDs) offer a higher, fixed interest rate than most savings accounts. They’re a good option if you don’t need immediate access to your funds and want a guaranteed return. You choose the term, and your money is FDIC insured up to $250,000.