• Online Banking
• Personal Solutions
• Business Solutions
• Wealth Services
• About Us
• Home

First Carolina State Bank Announces New CD Product

ROCKY MOUNT, N.C.- Tim Taylor, President/CEO of First Carolina State Bank, is pleased to announce that his bank has launched The Three-step Certificate of Deposit, which offers customers more features and benefits than traditional bank CD's.

The new Three Step CD is available in 7, 11, and 13 month maturities at competitive interest rates. As an added benefit, during the term of the CD, customers have options available to them to increase the rate, add more money and withdraw funds prior to maturity without a penalty.

Here is how The Three-step CD is special: If CD interest rates rise during the term of the CD, the customer may step up to the higher rate once during the term of the CD. They may step in at anytime during the term of the CD with an additional deposit to the CD and they may step out by withdrawing up to 50 percent of the initial deposit without penalty (some restrictions may apply).

This special is available for a limited time only. The penalty for early withdrawal of funds over 50 percent of the opening deposit may decrease funds.

First Carolina State Bank is a locally managed community bank that offers a full range of financial products and services tailored to meet the needs of retail customers, as well as small and mid-sized businesses. The bank opened its main office in Rocky Mount in 2000 to serve Nash and Edgecombe counties. The bank's second full-service office opened in Tarboro in March 2005. This year, the bank opened a loan production office in Greenville, N.C., at 323 Clifton Street, Suite 5.