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Commercial
Savings
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Certificate
of Deposit (CDs)*
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Description
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Traditional
savings account with competitive interest rate.
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Earn
a guaranteed return for the term that meets your needs.
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Recommended
for
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Those
wishing to set aside funds and earn interest without high balance
requirements.
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Those
wishing to lock in competitive rates without risk to their investment.
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Deposits
and withdrawals
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$100
minimum to open
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$1,000
minimum to open
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Three
withdrawals per month – additional withdrawals $3 each†
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Withdrawals
only permitted at maturity without substantial penalty.
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Interest
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Account
features and benefits
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Free
24-hour Meridian Bank Texas bank-by-phone.
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N/A
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Free
online banking
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N/A
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Free
online statements
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N/A
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Balance
requirements
and other fees
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With
a monthly average balance of $500, we will waive your $5 monthly
maintenance fee.
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N/A
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*
A penalty may be imposed for early withdrawal.
† Federal
regulations limit the number of withdrawals allowed. Please
see TISA disclosures.
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