Time Deposits  Anytime CDs An interest-bearing investment for individuals and business customers. $1,000 minimum balance to open. 1 year CD for both retail ($5,000 to $99,999.99) and jumbo ($100,000 and over), with no penalties on withdrawals after the first 30 days. Notice to be sent when CD matures. ANYTIME CDs are automatically renewable at the current rate. Interest can be added to the ANYTIME CD at maturity. Interest is normally paid by check at maturity, but can be paid monthly, quarterly, or semi-annually by check, or deposited into a checking or savings account. Funds are insured by the FDIC up to $100,000. Certificates of Deposit An interest-bearing opportunity for all customers, available in different term lengths, from 7 days up to 5 years. Interest rates depend on term lengths and amounts. Ask for current rate information. Interest is normally paid at maturity by check. It can be paid monthly, quarterly or semi-annually by check, or deposited into a checking or savings account depending on the amount of the CD. Notice will be sent when the CD matures. The CD can be set up to renew automatically, at the current rate at maturity, if desired. $1,000 minimum to open a retail CD; $100,000 to open a jumbo CD. A CD can be pledged as collateral for a loan. Funds insured by the FDIC up to $100,000. Penalty for early withdrawal. CDARS Central National Bank of Enid offers full FDIC insurance on CD investments up to $30 million. This Certificate of Deposit Account Registry Service is the easiest and most convenient way to insure deposit amounts larger than $100,000. All of the paperwork is handled through CNB; while your large deposits are broken down into smaller amounts and placed with other banks that are members of a special network. Then, the member banks issue CDs in amounts under $100,000, so that your entire investment is eligible for FDIC insurance. Forget about multiple rate negotiations and multiple disbursement checks; here you will earn one rate on the entire investment and you will receive statements directly from CNB. This is an excellent cash management and long-term investment tool for private investors, municipalities and non-profit entities. Stop in today at the Central National Bank, Oklahoma location nearest you.