Exchange Bank Certificates of Deposit Review

Exchange Bank Certificates of Deposit is offered by Exchange Bank of Louisiana, a bank founded in 1892 and based in Natchitoches, LA. Exchange Bank Certificates of Deposit is available in 1 state across the USA.

• High minimum deposit. You must deposit a minimum of $2,500, which is high compared to most CD accounts.

Are cd accounts from Exchange Bank of Louisiana federally insured?

Yes, your Exchange Bank of Louisiana cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #10528). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What is the grace period for Exchange Bank Certificates of Deposit?

Exchange Bank Certificates of Deposit does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Exchange Bank Certificates of Deposit charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Exchange Bank of Louisiana does not charge an early withdrawal fee.

Exchange Bank of Louisiana does not seem to charge any of the fees we track.