Savings and Certificates of Deposit
Open a savings account with as little as $100, where interest is earned on a daily basis and posted quarterly. Unlimited transactions can be performed in person or by mail.
A Certificate of Deposit carries a higher rate of interest than a savings account, and
businesses can plan CDs to mature at or near the time the money
is needed. Invest in any term available from 30 days
to 5 years, or any date in between. The interest rate
is guaranteed through the term of the investment. A
$500 minimum deposit is required for investment of
one year or longer. A flexible interest payment plan
includes adding to the CD balance, transferring to another WoodTrust Bank deposit account, or receiving a check. There is a substantial penalty for early withdrawal. FDIC insured.