Certificates of Deposit

FSNB's Certificates of Deposit (CDs) are Time Deposits. That is, a contract between you and FSNB that you will deposit a minimum amount of $500 for a stated period of time (Minimum of 30 days and maximum of 5 years). FSNB agrees to pay you the Amount of Deposit at the original maturity date (or any successive maturity date, if renewed) plus interest to that maturity date. Interest will be computed at the compounding frequency and at the interest rate as stated in the CD contract - for the initial term, and at the interest rate(s) established, as provided for in the contract for any successive term(s).

Types of Certificates:
Automatically Renewable - Fixed Rate: This CD will automatically renew at the maturity date for a successive term equal to the initial term. You will have 10 days after maturity date to withdraw funds without penalty. The CD will not renew if this Certificate is surrendered at maturity or within 10 days after maturity, or if FSNB gives you written notice to redeem the CD. If the CD is redeemed within ten days after maturity, interest will only be paid through the maturity date.