Updates To Northwoods Bank Services Due to COVID-19



A Certificate of Deposit (CD) is a product that pays a fixed interest rate for a set period of time.  It is intended that the CD be held until maturity, at which time the money may be withdrawn together with the accrued interest.

You will need to bring in the original Certificate of Deposit.  If you are not able to locate your original, you will need to complete an Affidavit of Indemnity Bond.

1 month’s interest    91 days or less 
3 month’s interest    182 days up to and including 12 months 
6 month’s interest    All terms over 12 months     

If accrued interest is not enough at time penalty is imposed, some principal may be forefeited.