Certificates of Deposit (CDs)
Everyone wants a nest egg. CDs can help turn yours from a sparrow's to an eagle's nest. Earn far greater rates than a savings account while still enjoying full FDIC insurance.
To grant the higher returns, access is limited. Early withdrawals are penalized, but we provide a range of terms so you can fit CDs into your savings plan.
- Summary
- Higher interest rate than savings
- Terms from 30 days to 5 years
- Higher interest for larger deposits/longer terms
- Penalty for early withdrawal of principal
- Interest paid monthly, quarterly, or at maturity
- Can "ladder" CDs to mature at different intervals
- $500 minimum deposit to open
- FDIC insured
