Certificates of Deposit (CDs)
Certificates
of Deposit (CDs) offer you an opportunity to earn a higher rate of
return on a safe, secure investment. You can select from a wide range
of Capital City Bank CDs, with maturities ranging from 14 days to 5
years. With full FDIC insurance coverage up to the maximum allowed by
law, this might be the right investment option for you.
- Fixed rate of interest for the term of the CD
- Your CD can automatically renew
- Grace period of 10 calendar days after maturity to withdraw funds without a penalty (14-day CD has a 3-day grace period)
- Flexible interest payment options
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Withdrawals prior to maturity may be subject to an early withdrawal penalty.
Click for current rates
Ultimate Option CD
Ultimate Option CD is a 36-month CD with flexible options to meet your needs.
- Increase your rate one time during the term of the CD*
- Add money any time during the term of the CD*
- Withdraw money one time without a penalty*
- $5,000 opening deposit
- Interest compounded semi-annually
*Rate
may be increased one time during the term to the current rate being
paid for a standard 36-month certificate of deposit. Additional
deposits may be made except during the ten days prior to maturity date,
minimum $500, up to the original amount of the certificate of deposit.
A one time early withdrawal of up to 50% of the balance may be made
after six days of date open with no penalty. A substantial interest
penalty is charged for additional withdrawals.
Individual Retirement Accounts (IRAs)
Individual
Retirement Accounts (IRAs) can be an important part of a savings plan
to provide for a financially secure retirement. IRAs offer you
important tax-savings advantages, including tax deferrals on interest
earnings until withdrawal. Capital City Bank offers fixed rate IRA
investments with terms from 3 months to 60 months for both Traditional
and Roth IRAs. Please consult with your tax advisor regarding
deductibility of contributions and other tax benefits.
- Traditional IRAs
allow you to defer taxes on your earnings until they are withdrawn. You
are eligible for a Traditional IRA if you are under the age of 70-1/2
for the entire tax year and either you or your spouse had earned income
within that year.
- Roth IRAs
allow you to accumulate assets for retirement purposes and certain
other allowable distributions. The earnings on this account are
tax-deferred and certain distributions are also tax-free.
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