A Business Certificate of Deposit or CD at First State Bank is designed to give you a higher rate of return in exchange for a time commitment (term) on your deposit. Please contact customer service at 256-845-6101 for terms and current interest rates.

• You must deposit $500.00 to open this account.
  
• We may impose a penalty if you withdraw any of the principal before the maturity date,
  
• The account will renew automatically at maturity.
  
• You have 10 days after the maturity date to withdraw funds without a penalty.
  
• Interest begins to accrue on the business day you deposit non cash items.
  
• We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day