Heritage Bank
of Schaumburg
1535 W. Schaumburg Rd.
Schaumburg, IL 60194
(847) 524-4000 Ph.
(847) 524-1974 Fax
customerservice@
hbschaumburg.com
This product is for the customer looking to lock a certain dollar amount for a specific time frame earning a fixed rate. There are a variety of terms available, from 90 days to 24 months.
| Minimum Balance |
$1,000.00 |
Terms |
Terms 90 days to 24 months |
Interest Bearing |
Yes, rate is dependent on term |
Early Withdrawal Penalty |
Certificate terms of 90 to 180 days: forfeiture of 90 days simple interest Certificate terms of 181 days or more: Forfeiture of 180 days simple interest. |
| Grace Period | You have ten (10) calendar days from the maturity date to withdraw without penalty prior to the automatic renewal. |
| Telephone Banking Access 24/7 |
Yes |
| Online Banking | Yes |
This certificate is for the business looking to invest a larger sum in a certificate and be able to lock those funds in at a specific rate for a specified term.
| Minimum Balance |
$100,000.00 |
Terms |
Terms 14 days to 12 months |
Interest Bearing |
Yes, rate is dependent on term |
Early Withdrawal Penalty |
Certificate terms of 90 to 180 days: forfeiture of 90 days simple interest Certificate terms of 181 days or more: Forfeiture of 180 days simple interest. |
| Grace Period | You have ten (10) calendar days from the maturity date to withdraw without penalty prior to the automatic renewal. |
| Telephone Banking Access 24/7 |
Yes |
| Online Banking | Yes |
