For deposits of $1,000.00 and more we offer Certificates of Deposit with maturities from three to forty-eight months. The interest can be paid out monthly, quarterly, or at maturity. Certificates with a maturity of twelve months or more can be compounded quarterly. You may, if you wish , have your interest deposited directly into your checking or savings account. The penalty for early withdrawal of Certificates is one-third of the interest that would have been earned if the Certificate had remained on deposit until maturity.