Time Deposits

A time deposit, commonly referred to as a certificate of deposit, or CD, offers a fixed rate of interest over a specific time, and yields a higher rate of interest than most savings accounts.

Citizens National Bank's time deposits can be purchased with $1,000.00 or more, and maturities range from 30 days to 5 years. With hundreds of CD options, we are sure to have the CD that is right for you.

Interested in out current rates on certificates of deposit? Contact us.

Are you concerned about FDIC coverage for deposits in excess of $100,000? We've got you covered. Our CDARS® program offers FDIC coverage on your deposits up to $15 million.

What is CDARS®?

CDARS® is the Certificate of Deposit Account Registry Service® and it's the easiest and most convenient way for you to receive full FDIC insurance on your deposits larger than $100,000.

One Bank

You will be pleased to know that everything will be handled through our bank. Your one large deposit will be broken into multiple smaller deposits and placed with other banks that are members of a special network. Then, those member banks will issue CDs in amounts less than $100,000, so that your entire investment is eligible for FDIC insurance. By working with our Bank, you can receive insurance from many other banks.

One Rate

You earn one rate on your entire investment - so you can forget about multiple rate negotiations and the need to consolidate multiple disbursement checks.

One Statement

You receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned, and other details.

It's just that simple.

How does CDARS® work?

When you're ready to take advantage of CDARS®, here's what happens:

1. You enter into one agreement.
   You sign one simple Deposit Placement Agreement with us.
2. You select an interest rate and a maturity.
3. Funds are deposited.
   Using CDARS, we submit your funds for placement at member banks.
4. CDs are issued.
   Member banks issue CDs in denominations under $100,000 so your entire investment is eligible for full FDIC insurance coverage.
5. Confirmation is received.
   You receive written confirmation of all your deposits and a listing of all of your CDs.

To learn more, stop by your nearest CNB location or Contact Us.