Are you considering a CD for your business? Hawthorn Bank has options lasting from three months all the way to five years.
Hawthorn 3
91 Day Certificate of Deposit Account
- $1,000 Minimum Amount To Open
- $1,000 Minimum Balance
- Automatic Renewal
- Renewal Notices Are Sent at Time of Maturity
- Interest Compounded
- Interest Calculated On Daily Balance
- Interest Begins To Accrue the First Day of Deposit and Does Not Include the Last Day of Deposit.
- 3 Month’s Interest Penalty For Early Withdrawal
Hawthorn 6
182 Day Certificate of Deposit Account
- $1,000 Minimum Amount To Open
- $1,000 Minimum Balance
- Automatic Renewal
- Renewal Notices Are Sent at Time of Maturity
- Interest Compounded
- Interest Calculated On Daily Balance
- Interest Begins To Accrue the First Day of Deposit and Does Not Include the Last Day of Deposit.
- 3 Month’s Interest Penalty For Early Withdrawal
Hawthorn 12
12 Month Certificate of Deposit Account
- $1,000 Minimum Amount To Open
- $1,000 Minimum Balance
- Automatic Renewal
- Renewal Notices Are Sent at Time of Maturity
- Interest Compounded
- Interest Calculated On Daily Balance
- Interest Begins To Accrue the First Day of Deposit and Does Not Include the Last Day of Deposit.
- 6 Month’s Interest Penalty For Early Withdrawal
Hawthorn 18
18 Month Certificate of Deposit Account
- $1,000 Minimum Amount To Open
- $1,000 Minimum Balance
- Automatic Renewal
- Renewal Notices Are Sent at Time of Maturity
- Interest Compounded
- Interest Calculated On Daily Balance
- Interest Begins To Accrue the First Day of Deposit and Does Not Include the Last Day of Deposit.
- 9 Month’s Interest Penalty For Early Withdrawal
Hawthorn 24
24 Month Certificate of Deposit Account
- $1,000 Minimum Amount To Open
- $1,000 Minimum Balance
- Automatic Renewal
- Renewal Notices Are Sent at Time of Maturity
- Interest Compounded
- Interest Calculated On Daily Balance
- Interest Begins To Accrue the First Day of Deposit and Does Not Include the Last Day of Deposit.
- 12 Month’s Interest Penalty For Early Withdrawal
Hawthorn 36
36 Month Certificate of Deposit Account
- $1,000 Minimum Amount To Open
- $1,000 Minimum Balance
- Automatic Renewal
- Renewal Notices Are Sent at Time of Maturity
- Interest Compounded
- Interest Calculated On Daily Balance
- Interest Begins To Accrue the First Day of Deposit and Does Not Include the Last Day of Deposit.
- 18 Month’s Interest Penalty For Early Withdrawal
Hawthorn 48
48 Month Certificate of Deposit Account
- $1,000 Minimum Amount To Open
- $1,000 Minimum Balance
- Automatic Renewal
- Renewal Notices Are Sent at Time of Maturity
- Interest Compounded
- Interest Calculated On Daily Balance
- Interest Begins To Accrue the First Day of Deposit and Does Not Include the Last Day of Deposit.
- 24 Month’s Interest Penalty For Early Withdrawal
Hawthorn 60
60 Month Certificate of Deposit Account
- $1,000 Minimum Amount To Open
- $1,000 Minimum Balance
- Automatic Renewal
- Renewal Notices Are Sent at Time of Maturity
- Interest Compounded
- Interest Calculated On Daily Balance
- Interest Begins To Accrue the First Day of Deposit and Does Not Include the Last Day of Deposit.
- 30 Month’s Interest Penalty For Early Withdrawal
CD accounts can be combined with Checking Account statements, but the combining feature is not available on other account types. (ie. CD and Savings Accounts cannot be combined.)
Early Withdrawal Penalty Is Equal To Half CD Term’s Interest.