Certificates
of Deposit
SELCO
offers high-yield Certificates of Deposit with terms from
six months to five years. The minimum amount to open a certificate
is $1,000. Dividends are compounded and paid quarterly.
There is a penalty for early withdrawal.
For
the investor who wants a guaranteed higher interest rate,
Certificates of Deposit offer guaranteed earnings over a
set amount of time. Ideal for long term savings, Certificates
may be purchased in amounts of $1,000 or more. Interest
rates vary according to the length of the term.