Certificates of Deposit FMSB offers various terms for Certificates of Deposit, ranging from 3 months to 48 months. CDs are available to all customers and offer secure FDIC insurance. CDs usually offer higher interest rates than checking or conventional statement savings accounts. Typically, the longer the term and larger the balance, the higher the interest rate. Minimum to Open: $500 Interest Rate: Fixed. Check our rates below. Compounding: 3 month CD - Quarterly 6 month CD or longer - Semi-Annually Statements: Notices are sent out when interest is paid and at maturity. Restrictions: Penalties are applied for withdrawals prior to maturity.   FMSB Current CD Rate Report as of (Jul-06-08) $500 minimum deposit required to open an account Fees could reduce earnings on the account • Subject to early withdrawal penalty Term Annual Percentage Yield Interest Rate 6 Month 2.00% 1.99% 12 Month 2.50% 2.48% 18 Month 2.50% 2.48% 24 Month 2.50% 2.48% 30 Month 2.50% 2.48% 36 Month 3.50% 3.47% 48 Month 2.50% 2.48%