Certificates & IRAs

Frontenac's competitive rates make our Certificates and IRAs a smart choice for long-term growth and security.

• Terms for 1 month to 5 years.
• Minimum deposit of $1,000.00.
• Additional deposits or withdrawals are not allowed until maturity.
• Your Certificate of Deposit/IRA will automatically renew at the current market rate upon maturity.
• Competitive rates.
• Interest compounds quarterly and is credited to the account quarterly.
• Interest begins to accrue on the business day you deposit any non-cash item (for example: checks).
• You will be paid the rate noted on the applicable rate sheet until the maturity of the Certificate/IRA.
• The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
• We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• This account will automatically renew at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty.
• If you withdraw any principal prior to the maturity date a substantial penalty will be assessed*.

* Terms of one year or less: 90 days interest penalty.
* Terms of more than one year: 180 days interest penalty