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Certificates of Deposit

In the market for a low risk investment with a fixed interest rate? Woodford State Bank offers competitive rates to meet your investment needs.

Looking for other savings options? Talk to our investment financial professional.

Certificate of Deposit Rates

Comparison table of Certificate of Deposit Rates.
Product Min. Opening Deposit Int. Rate APY*
91 Day ** $1,000 0.10% 0.10%
182 Day ** $1,000 0.15% 0.15%
12 Month *** $1,000 0.25% 0.25%
18 Month *** $1,000 0.30% 0.30%
24 Month *** $1,000 0.35% 0.35%
36 Month *** $1,000 0.50% 0.50%
48 Month *** $1,000 0.75% 0.75%
60 Month *** $1,000 1.00% 1.00%

* APY = Annual Percentage Yield

** Interest compounds at maturity.

*** Interest compounds semi-annually.

Talk to one of our Personal Bankers at (608) 325-7766 for further information about applicable fees & terms.

Minimum balance to open - $1,000.00 ($500.00 if you are a minor.)

Depositor may not withdraw funds from this account prior to the original or any extended Maturity Date of a Certificate without the written authorization of Bank. BANK WILL IMPOSE A PENALTY FOR EARLY WITHDRAWAL. The penalty for early withdrawal will be calculated using the interest rate being paid on the Certificate at the time the early withdrawal is made. The penalty may invade the principal. The amount of the penalty is: All accrued interest on CD's of 1-31 days: 3 months interest on CD's of 32-364 days: and 6 months interest on CD's of one year or more.

If your account has an original maturity of less than a year, the fee we impose will equal three months interest on the amount withdrawn subject to penalty.

If your account has an original maturity of one year or more, the fee we impose will equal six months interest on the amount withdrawn subject to penalty.

Note: Fees could reduce earnings.

Common Features

Please refer to our separate fee schedule for additional information about charges.

Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.

Looking for other savings options?  Talk to our investment financial professional.

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