Traditional Certificates Early Redemption Penalties

Traditional certificates are subject to early redemption penalties, as set forth below.

Term Redemption (years) Documentation Fee Interest Penalty (months)
3 Year
0-1
$300
3
1-2
$150
2
2-3
$50
1
 
 
5 Year
0-1
$500
5
1-2
$400
4
2-3
$300
3
3-4
$150
2
4-5
$50
1
 
 
7 Year
0-1
$700
7
1-2
$600
6
2-3
$500
5
3-4
$400
4
4-5
$300
3
5-6
$150
2
6-7
$50
1

Notice

Certificates of Deposit are subject to terms and conditions provided by Millennium Bank, Inc.
Rates on this website are subject to change at the discretion of Millennium Bank, Inc.