A certificate is a time deposit with a specific, fixed term and a fixed dividend rate. It is intended that the certificate be held until maturity, at which time the money may be withdrawn together with the earned dividend. In exchange for keeping the money on deposit for the agreed upon term, certificates earn higher dividend rates than accounts from which money may be withdrawn on demand.
RiverFall offers highly competitive rates on certificates with terms ranging from 6 to 60 months. The minimum balance is $1,000. Penalty for early withdrawal is 30 days dividends for certificates with 6 month and 12 month terms, 90 days dividends for certificates with 18 month terms and above. To set up a certificate, visit any RiverFall location.