Our Fall CD Spectacular!


Our Fall CD Spectacular!

Falling Leaves = Raised CD Rates

at SENB Bank.

Limited Time Offer

Open online, Call, or Visit your local SENB Banking Center today!



13 Month CD Special

The interest rate and annual percentage yield stated below are accurate as of 10/05/2018. If you would like more current rate and yield information, please call us at 309-757-0700.

13 Month CD Special Tier Rate Schedule:

*Tier 1-An interest rate of 2.38% will be paid only for the portion of your daily balance that is between $10,000 and $49,999.99. The annual percentage yield for this tier is 2.40%.

**Tier 2-An interest rate of 2.53% will be paid only for the portion of your daily balance that is between $50,000 and $99,999.99. The annual percentage yield for this tier is 2.55%.

***Tier 3-An interest rate of 2.68% will be paid only for the portion of your daily balance that is $100,000 and over. The annual percentage yield for this tier is 2.71%.

Minimum Balance Requirement to Open the Account: You must deposit at least $10,000 in new money to open this account.

Compounding and Crediting

Frequency: Interest will be compounded quarterly and will be credited to your account quarterly. Interest on your account will be credited by adding the interest to the principal. If you do not want the interest added to your CD Account, the interest must be deposited into a SENB Bank Account. The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.

Effect of Closing an Account: If you close your account before interest is credited, you will receive the accrued interest. If you withdraw any of the principal or interest before the maturity date and the balance drops below $10,000 you will no longer earn interest and we will impose a penalty of 180 days of interest on the amount withdrawn. We will use the earnings rate in effect on the date of withdrawal.

Renewal Policy: This account will automatically renew. You will have 10 days after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for a 12-month period at the 12-month rate applicable at the renewal date.

Balance Computation Method: Daily Balance Method. We use the daily balance method to calculate the interest on your account. This method applied a daily periodic rate to the principal in the account each day.

Accrual of Interest on Noncash Deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Other Account Information:

You may add money to the CD at any time. The additional minimum deposit contribution is $10,000 and you can add as often as you like. Only new money may be added to the CD.

If you withdraw money within six (6) days after the date of deposit, the Minimum Required penalty is seven (7) days’ simple interest on the withdrawn funds. If partial early withdrawal(s) are permitted, we are required to impose the Minimum Required Penalty on the amount(s) withdrawn within six (6) days after each partial withdrawal. The early withdrawal penalty may be more than the Minimum Required Penalty. You pay the early withdrawal penalty by forfeiting part of the accrued interest on the Account. If your Account has not earned enough interest, or if the interest has been paid, we take the difference from the principal amount of your Account.

Additional Terms:

See Activity Schedule for fees and transaction limitations that may apply to your account.