We believe that relationships with our customers are our most important asset and work to provide the best service possible to our customers every day. If we are not already your bank of choice, we hope Bank of Urbana will soon become your life-long financial partner and friend.

Certificates of Deposit

Certificates of Deposit

  • $1,000 minimum opening deposit
  • Penalties for early withdrawal
  • Automatic renewal
  • This account is FDIC insured


Early Withdrawal Penalties

Term Penalty  
12 Months or less 90 days interest  
More than 12 Months 182 days interest  

We use the average daily balance method to calculate interest on your account.
Interest begins to accrue on the business day you make your deposit. You will have 10 calendar days after the maturity date to withdraw funds without penalty. Your account will mature in the length of time agreed to at account opening. If you withdraw any of the principal before the maturity date we may impose a penalty. The annual percentage yield assumes interest will remain on deposit until maturity. This account will automatically renew. Disclosure provided when account is opened. Fees may reduce earnings on account.