Business Certificates of Deposit (CD)

• Accounts are FDIC insured to at least $250,000.00.
• Penalty for early withdrawal may apply.
• Minimum opening deposit is $2,500.00 for each CD.

*Annual Percentage Yield is 3.00% and the Interest Rate is 2.97%. Minimum opening balance is $1.00 and minimum daily balance of $1.00 required. Interest will pay at maturity and will not auto renew. The penalty for early withdrawal is 30 days interest. To participate in this program, you must be an active Future Farmers of America or 4-H Club Member in the Colorado Counties of: Cheyenne, Kit Carson, Lincoln, or El Paso or in the Kansas County of: Wallace; and the member must have a parent or legal guardian who has an existing relationship with our bank. The Future Farmers of America or 4-H Club member must have an existing account with Eastern Colorado Bank or open a checking or savings account in conjunction with the opening of this Certificate of Deposit.
**CD must be opened in the name and tax identification number of the FFA/4-H Club Member. To receive the $50.00 gift, the $50.00 gift must be deposited into this CD or into another account held in the name of the FFA/4-H Club Member at Eastern Colorado Bank when the CD is opened. Money deposited into this Certificate of Deposit is limited to your individual proceeds from the individual prize awards and sales held during the 2021 County/State Fair along with the $50.00 gift. Proceeds amount will be verified with the proceeds check from the Sale. Offer expires October 31, 2021.