A Time Deposit is also called a CD (short for certificate of deposit), lets you earn a guaranteed interest rate for a set amount of time. When you invest in a CD, you agree to invest your savings for a pre-set period of time. In return, we guarantee your interest rate up-front. A CD is a great fit if you don't need immediate access to your funds and wants a predictable rate of return. The certificates of deposit issued by The Homestead yield one of the highest returns in the area. Please contact us for current yields on your investments. * The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. *** An exit charge fee of $20.00 will be charged if the account is closed within six months from date of opening. COMMON FEATURES     © Copyright 2007 St. Landry Homestead