Certificate of Deposit
What is a Certificate of Deposit?
A Certificate of Deposit (CD) is a savings product with the security of a fixed return over a specific length of time. Your FDIC-insured1 CD account will typically earn more than a standard savings account, but any money deposited must remain at the bank throughout its term2.
Benefits
- Flexible term lengths
- Fixed rate of return
- FDIC insurance
Free Online Banking
- Access electronic copies of your 1099 and certain other tax forms through Online Banking
| Minimum Opening Deposit | $1,000 |
|---|---|
| Interest Paid | Compounded Daily |
| Minimum Balance | N/A |
| Monthly Service Charge | N/A |
| Terms | We offer terms from 3 months to 5 years2 • Longer terms offer potentially higher interest rates • Shorter terms mean quicker access to your funds |
| Check Writing Privileges | No |
| Transactions | Funds cannot be added during the term and penalty for early withdrawal. Funds can be added or withdrawn at maturity. |
Questions about which account is right for you?
We're here to help you make the best choice. Just give us a call.
800-453-2265
Ideas & Tips
Disclosures:
-
The Federal Deposit Insurance Corp. insures each depositor up to $250,000.
-
Penalty for early withdrawal
