Account Types:  Certificate of Deposit

Fixed Rate Information

  • Call 979-732-2332 for current rates.

  • You will be paid this rate until maturity.

Compounding and Crediting

  • Interest will be compounded daily and will be credited to your account as directed.

  • The annual percentage yield assumed interest will remain on deposit until maturity.

  • A withdrawal will reduce earnings.

  • If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding.

  • On accounts of less than $2,500.00, interest will be paid quarterly or annually, or at maturity, as you direct.

  • On accounts of $2,500.00 or more, interest will be paid monthly, quarterly or annually or at maturity as you direct.

Minimum Balance Requirements

  • You must deposit $500.00 to open this account.

  • You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.

  • You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.

Balance Computation Method

  • We use the daily balance method to calculate interest on your account.

  • This method applies a daily periodic rate to the principal in the account each day.

Accrual on Noncash Deposits

  • Interest begins to accrue on the business day you receive credit for the deposit of noncash items (for example: checks).

Transaction Limitation

  • You may make deposits into or withdrawals from your account until the maturity date.

  • You may withdraw interest earned during the term without penalty, but if it is not withdrawn, it will be added to the principal for the renewed term.

Early Withdrawal Penalty

  • If you withdraw any of the deposited funds before the maturity date, a penalty will be imposed.

  • For certificates having a maturity of one year or less, the penalty will be 30 days interest.

  • For certificates having a maturity over one year, the penalty will be 90 days interest.

  • The penalty will be deducted after interest has been credited on the date of withdrawal.

Renewal Policies

  • Your account will automatically renew at maturity.

  • You will have a grace period of ten calendar days after the maturity to withdraw the funds in the account without being charged an early withdrawal penalty.

Current Rate Information

  • The rate(s) and annual percentage yield(s) disclosed above were offered and accurate within the most recent seven calendar days.

  • To obtain current rate and percentage yield information, please call 979-732-2332.

Please click here for a New Accounts application, or contact our New Accounts Officer, John J. Polach, Jr. at 979-732-2332 or email us .


© 2014 First State Bank of Columbus Texas.  All Rights Reserved
420 Walnut - Post Office Box 9, Columbus, Texas 78934-0009
Phone: 979 732.2332 - Fax: 979 732.2016
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