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| Certificates of deposit make excellent short and long-term investment opportunities, depending on your needs. To serve you better, we offer a broad range of maturity dates, interest payment options and tiered interest rates. And, you can relax knowing that your deposits are secured by the FDIC. |
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Our lending policy is structured to competitively price our certificate of deposits and savings accounts. We understand sometimes you need your funds immediately. With that in mind, we allow loans secured with your certificate of deposit, savings and/or stocks. The percentage of market value is listed below:
| Stocks |
70% |
| OTC (over-the-counter) margin stock |
60% |
| U.S. Government Bonds |
90% |
| Municipal Bonds |
60% |
| Closely held stock |
See senior loan officer |
| First Reliance Certificate of Deposit |
95% |
| Other banks Certificate of Deposit |
90% |
Retain possession of the collateral and receive acknowledgement prior to disbursing funds.
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