Existing Ohio District CEF investments have been transferred to LCEF. Investment balances, accrued interest, interest rate, and (for term notes) maturity date have all been retained.
Similar to the past, when a Fixed Rate or Step-Up Rate Certificate nears maturity you will be sent a maturity notice outlining your options. You may either convert the investment to a note of your choice at LCEF or redeem it. You may also contact LCEF to convert one or more of your current Ohio District CEF notes without penalty at any time.
Term note interest may be withdrawn as before, but new deposits may not be made.
Save-By-Mail notes may be left open until April 1, 2019 at the same rate they are currently earning. Withdrawals and conversions may be made at any time, but new deposits may not be made.
New Ohio District CEF investments may no longer be opened; however, LCEF offers similar and even more opportunities!