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Certificate of Deposit

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Summit Community Bank offers a wide variety of Certificates of Deposit (CD's) in terms from a few months to several years that offer higher yields than other savings Products, along with FDIC insurance.

  Certificate of Deposit
Minimum to Open $1,000
Minimum to Earn Interest N/A
Minimum Balance Requirement N/A
Monthly Fees None
Restrictions 3 month interest penalty for early withdrawal for accounts with terms between 1 and 11 months. 6 month interest penalty for terms between 12 and 35 months.  9 month interest penalty for terms between 36 and 60 months. 12 month interest penalty for terms over 60 months.
Interest Compounded Quarterly
How Interest is Calculated Daily Balance
Please contact us to obtain complete disclosures of all fees related to these accounts.