Certificates of Deposit (CDs)
Simplify the saving process with a PremierWest CD.
Making the most of your money couldn't be any easier than this -- select the term you want, lock in an interest rate, and let us do the rest.
Investing in a Certificate of Deposit is a smart way to start investing in your future. One of our experienced advisors can help you find a CD that best fits your needs today.
- Summary
- Fixed rates
- Various terms available
- Automatic renewal at maturity
- Penalty for early withdrawal
- FDIC insurance
- $500 to open
Our Flex CD allows up to half your original investment to be withdrawn penalty free.
- More Information
Our CD Accounts earn interest that is calculated daily. Using a daily balance method, a daily periodic rate is applied to the principal in the account each day and they're insured to the legal limit by the FDIC. CD Accounts automatically renew at maturity for a period of time equal to the original term.
If you withdraw any principal before the maturity date, we may impose one of the following penalties:
- 7 - 29 days - 7 days interest
- 30 - 364 days - 30 days interest
- 365 - 870 days - 90 days interest
- 36 months or greater - 180 days of interest
Note: If the account is closed before interest is credited, you will not receive the accrued interest.
The Flex CD allows 50% of the original amount to be withdrawn (1) one time during the term without a penalty any time after the first 7 days. Principal and/or interest may be withdrawn up to 10 days after maturity without penalty.
