Elizabeth June English v. Regions Bank

BARNES, J.,

for the Court:

¶ 1.' In 1990, Audie Belle English, along with' three of her relatives; purchased a $75,000 certificate of deposit (CD) from Sunburst Bank in Laurel, Mississippi. The CD’s terms noted that the CD would automatically renew every' six months at the bank’s prevailing rate of interest at the time of renewal. Any of the CD holders could cash out the CD without permission from the others, as long as the original certificate of' deposit was presented to the bank. Almost twenty years after the CD’s issuance, the last remaining CD holder, Audie Belle, presented the original…