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Certificates of Deposit are a
time-honored traditional bank product which combines the security of a
savings account with the higher interest associated with an
investment. CDs earn a guaranteeed interest rate when you deposit
your money for a fixed period of time. CDs encourage saving for a specific time in the
future, such as education or a down payment on a home. American
Federal offers CDs with maturities ranging from 91 days to 60 months, with a minimum
deposit of $1,000. The features and benefits of CDs are: |
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- A fixed interest rate which is guaranteed to maturity even if the
market declines.
- Total deposits are guaranteed safe up to $100,000 by the full faith
of the US government.
- Small minimum investment of $1,000 makes this product attractive to
investors with less start-up capital.
- CDs with longer maturities are rewarded with higher interest rates.
- American Federal offers customers various plans for the interest
earned such as reinvesting the interest or depositing it directly into a checking or
savings account.
- American Federal CDs are automatically renewable so you don't have to
worry that the funds are sitting idle if you are unable to come to the bank to renew.
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215
N. Fifth St.
P.O. Box 2946
Fargo, ND 58108-2946
(800) 770-6605 |
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www.americanfederalbank.com
©1998 American Federal Bank
All Rights Reserved
Member FDIC
Equal Housing Lender
An Equal Employment Opportunity
and Affirmative Action Employer
Customer Privacy |
