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Certificates of Deposit
Eaton Federal Savings Bank's Certificates of Deposit are a great choice for the investor who seeks a great rate of return plus peace of mind. Perfect for an IRA rollover, saving for retirement, planning for a college education or just about any reason that requires a longer term approach, a Certificate of Deposit offers a guaranteed return of principal plus a guaranteed, fixed rate of interest. Eaton Federal has always offered some of the most competitive rates around and combined with our friendly, knowledgeable staff, there's simply no better place to invest in a Certificate of Deposit. So speak to an Eaton Federal representative today to learn which certificate meets your needs.
  • $500.00 minimum balance1
  • Guaranteed return of principal at maturity
  • Guaranteed, fixed rate of interest
  • Various terms available to meet your investment needs
  • Available for inclusion in IRA plans
  • A penalty may be imposed for withdrawal before maturity2
  • FDIC Insured
  • Interest paid quarterly by check, deposited to another Eaton Federal Account or added to the balance of the Certificate of Deposit
  • See our Deposit Account Disclosure for a complete description of account terms and services.
Current Certificate of Deposit Rates
Rates and terms are accurate as of 3/10/2010
Term Balance Rate APY*
6 Months All Balances 0.70% 0.70%
1 Year All Balances 1.30% 1.31%
2 Years All Balances 1.80% 1.81%
3 Years All Balances 2.20% 2.22%
4 Years All Balances 2.55% 2.57%
5 Years All Balances 2.90% 2.93%
7 Years All Balances 3.25% 3.29%

 

CDARS

Looking for a way to keep large deposits safe? Ask us about CDARS®.

With CDARS, you can access FDIC protection on up to 50 million dollars on CD investments through Eaton Federal Savings Bank. There are few guarantees in life - FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you.3  

Click here to view the How CDARS Works Video - Quicktime version
Click here to view the How CDARS Works Video - Windows Media version

Rates quoted above are subject to change without notice.
*-Annual Percentage Yield
1- $500 required to open
2- 6 month & 1 year CDs -90 day interest penalty, 2 year CD - 180 day interest penalty, 3-7 year CDs - 365 day interest penalty
3- Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Eaton Federal Savings Bank. The agreement contains important information and conditions regarding the placement of funds by us. Contact us for Rates and Terms available for the CDARS program.
 
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