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CDs & IRAs

Certificates of Deposit

The Marfa National Bank offers a variety of investment plans with flexible rates and maturities.

• MINIMUM BALANCE TO OPEN ACCOUNT: $1,000
• MINIMUM BALANCE TO OBTAIN THE ANNUAL PERCENTAGE YIELD DISCLOSED: The disclosed
  annual percentage yields assumes the interest will remain on deposit until maturity. A
  withdrawal of interest will reduce the annual percentage yield. The disclosed annual
  percentage yield will be paid on the entire balance.
• COMPOUNDING AND CREDITING FREQUENCY: Interest accrues daily and is credited to your
  account or paid to you monthly, quarterly, semi-annually, at maturity, or as agreed.
• TRANSACTION LIMITATIONS: After the account is opened, you may not make any deposits
  into or withdrawals from the principal in the account until the maturity date.
• CERTIFICATE RENEWAL AND INTEREST ACCRUAL AFTER MATURITY DATE: No interest will
  accrue after maturity date for a single maturity Certificate. If Certificate automatically
  renews, a grace period of ten (10) days from maturity date exists to present the certificate
  for payment without penalty. If the certificate automatically renews, it will be renewed
  at the rate in effect at this institution on the date of maturity. For renewed certificates interest
  will begin accruing from the first (1) day of the grace period. Certificates presented for
  payment will not earn interest after maturity.
• PENALTIES FOR EARLY WITHDRAWAL: A penalty of three (3) months interest on the amount
  withdrawn at the rate being paid upon deposit will be imposed on Certificates of Deposit with
  original maturity of one (1) year or less. A penalty of six (6) months interest on the amount
  withdrawn at the rate being paid upon deposit will be imposed on Certificates of Deposit with
  original maturity of more than one (1) year.

Individual Retirement Accounts - IRAs
(Traditional, Roth, Educational)

• MINIMUM BALANCE TO OPEN ACCOUNT: $25
• MINIMUM BALANCE TO OBTAIN THE ANNUAL PERCENTAGE YIELD DISCLOSED: The disclosed annual
  percentage yield will be paid on the entire balance.
• COMPOUNDING AND CREDITING FREQUENCY: Interest accrues daily and is compounded and credited
  the last day of the monthly statement cycle.
• EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will
  not receive the accrued interest.