Certificate of Deposit | Machias Savings Bank

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Certificate of Deposit

Certificate of Deposit

With fixed interest rates that are higher than a savings account, a Certificate of Deposit (CD) is a time deposit account that is perfect for longer-term savings.

Details

  • Competitive Interest Rates
  • Automatically Reinvested at Maturity if change is not made within 10 days
  • Variety of Terms
  • FDIC Insured
  • Can be Pledged as Collateral on a Loan
  • Interest can be drawn or left to compound*

Rates

Rates Disclosure

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*Certificate of Deposit early withdrawal penalties may apply and reduce earnings on the account 

Certificate of Deposit Account Registry Service

Machias Savings Bank is pleased to be a participating member in the Certificate of Deposit Account Registry Service (CDARS). As a member of this service, Machias Savings Bank is able to offer clients a single financial institution in which to place their certificates of deposit that exceed the FDIC insured limit. With CDARS, Machias Savings Bank opens the client's CD in the desired term, in amounts above of $250,000. Available FDIC coverage is then borrowed from other association banks across the country in order to insure the client's full CD amount for the entire term of the CD. This system enables clients to maintain CDs at one financial institution instead of spreading them across multiple banks in order to take advantage of FDIC coverage.

Location: Machias edit my branch location button

4 Center Street
PO Box 318
Machias, ME 04654

(207) 255-3347
Fax: (207) 255-9439

Lobby
Mon - Thurs 7:30 am - 5:00 pm
Fri 7:30 am - 6:00 pm

 

Jonathan Alley
Manager | NMLS#1165844

 

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OUR FOCUS

As a customer of Machias Savings Bank, the focus is on you. We will enhance your banking relationship by working with you to discover your banking needs. We will be there when you need us.

© Machias Savings Bank. All rights reserved.

Member FDIC. Equal Housing Lender logo Equal Housing Lender.
Routing Number: 211274531
NMLS Number: 469539

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