Our Gold Certificate of Deposit program is for any saver that wants higher interest rates than available for passbook savings at FDIC insured banks.

Minimum opening balance is $50,000.  After establishing a minimum account, any amount can be added in the future.*

Interest is credited to the account each 30 or 31 day interval according to compounding grid, or can be mailed to the owner of the certificate.  Interest is credited at the close of business on the last day of the interval.  If owner elects to withdraw interest, a check will be mailed on the next banking day.

All interest credit or payments are rounded to the nearest one-cent.  Interest is calculated on a daily basis.

Gold Certificate accounts are available in one, two and three year terms.

At the end of term the Gold Certificate Owner may:

1. Withdraw funds.  A check for principal and any accrued interest will be mailed on the first banking day after the end of term.
2. Roll-over Savings Certificate at existing rates or roll-up to then current interest rates if higher.
3. If we are not instructed to roll-over or roll-up before term expires a check will automatically be mailed as in #1.  Any right to renew at original interest rate is void.

Current annual contract interest rates are:

Current 2 year U.S. Treasury pays 0.30% annual interest (05/29/12)
Current 3 year U.S. Treasury pays 0.41% annual interest (05/29/12)
Current 10 year U.S. Treasury pays 1.75% annual interest (05/29/12)

Source Federal Reserve

*All accounts are held in U.S. Dollar denominated funds.  Deposits drawn on foreign accounts or in foreign currency will be converted to U.S. dollars, minus any charges, and will not be credited to draw interest until cleared.

Compounding Grid

Contract Document

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