American State Bank

CDs & IRAs


Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield will not change for the term of the account.
Balance Information: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date.
Time Account Information: Your account will mature in the specified number of months. If you withdraw any of the principal or interest before the maturity date, we may impose a penalty of 30 days accrued interest. This account will automatically renew at maturity. You will have to renew at the new rate in effect at maturity or you will have 10 days after the maturity date to withdraw funds without penalty.


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