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A.B.C. Certificates of Deposit

For use with ABC Credit Rehabilitation Loans

A.B.C. Certificates of Deposit
TermOpening BalanceInterest RateAnnual Percentage Yield
12 Months $2,500.00 0.25% 0.25%
18 Months $2,500.00 0.40% 0.40%
24 Months $2,500.00 0.50% 0.50%
30 Months $2,500.00 0.65% 0.65%
60 Months $5,000.00 1.00% 1.00%

 

We use the Daily Balance Method to calculate the interest on your account. This method applies a daily periodic rate to the Balance in your account each day. Interest is accrued daily and compounded annually from issue date. The Interest Earned will be credited to the Principal Balance of the account at maturity.  The rate of interest will be paid until the maturity date of the account. The APY assumes that interest will remain on deposit until maturity. You must maintain the Opening Deposit Amount in your account every day to obtain the APY. Penalty may be assessed for early withdrawal. APY is accurate as of January 8, 2013.