Certificates of Deposit (CDs)

CD Specials

At Peoples Bank of Kankakee County, you will earn consistently competitive interest rates with the security of knowing that your accounts are FDIC Insured.**

• Competitive Interest Rates
• Fixed Rates mean you can relax, knowing you'll receive predictable returns - Safe from market fluctuations
• FDIC Insured **
• A choice of terms 10 months or 20 months
• Free Online Banking Services
• CD's with initial amount less than $100,000 will automatically reinvest at each maturity date (10-month C/D Special will reinvest for a 12-month term; 20-month C/D Special will reinvest for a 24-month term), all other terms and conditions will remain the same as the original Certificate unless noted otherwise on the account disclosures. The interest rate for the renewal period will be the rate offered by the Bank on the maturity date for new Certificates that have similar terms, minimum balances (if any) and other features as the renewal product. We will notify you before your account matures to allow you time to determine the renewal option that best meets your needs.
• CD's with initial amount equal to or greater than $100,000 will automatically reinvest at maturity for a 6-month term (effective 11/17/11).
• Daily balance method used to calculate interest, from the day of deposit to the day of withdrawal. Interest is compounded quarterly or can be deposited monthly, quarterly or annually into a Peoples Bank of Kankakee County account or a check can be issued.

** New FDIC Deposit Insurance Limits - Effective July 21, 2010, the standard FDIC insurance coverage was permanently raised to $250,000 per depositor. We strongly encourage all bank depositors who have questions about their insurance coverage to go to FDIC's website at www.fdic.gov for further information and to use their Electronic Deposit Insurance Estimator (EDIE).

Certificate of Deposits

To lock in a truly astronomical interest rate, there is no better way to do it than putting your money into a fixed rate CD. Get tiered interest rates that reward higher balances, and sleep better knowing that your funds are FDIC insured up to $250,000**.

• Tiered interest rates
• Flexible terms
• FDIC insured

** New FDIC Deposit Insurance Limits - Effective July 21, 2010, the standard FDIC insurance coverage was permanently raised to $250,000 per depositor. We strongly encourage all bank depositors who have questions about their insurance coverage to go to FDIC's website at www.fdic.gov for further information and to use their Electronic Deposit Insurance Estimator (EDIE).

* Annual Percentage Yield (APYs) are accurate as of January 24, 2012. These are fixed rate accounts. Early withdrawal penalties may be imposed for withdrawals of principal before maturity, based on the term of the C/D. Withdrawals and Fees may reduce earnings. APY assumes interest earned remains on deposit in the CD for the full term. Certificate of Deposit Specials require a minimum of $10,000 to open. You must maintain the minimum balance required on the account to obtain the stated interest rate and annual percentage yield.

This account will automatically reinvest at each maturity date (CD's with initial amount less than $100,000: 10-month C/D Special will reinvest for a twelve-month term; 20-month C/D Special will reinvest for a 24-month term. CD's with initial amount equal to or greater than $100,000 will reinvest for a 6-month term.), beginning on the maturity date. You can prevent renewal if you withdraw the funds in that account at maturity or within the grace period or we receive written notice from you within the grace period. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity.

Applicant must be a citizen or resident alien of the United States (U.S.) who is a least 18 years old with a valid U.S. taxpayer identification number.