Certificates of Deposit (CD) |
At a Glance |
Insured investment product with higher yields than a savings account. CD Terms can range from 7 days to 6 years. Rates are determined by term.
|
| Best
For |
Businesses that want to invest funds in a safe and insured account while still getting a guaranteed return on that investment.
|
| Features |
 | Interest can be compounded or withdrawn. |
|
| Minimum
Balance |
$1,000 minimum balance required for all terms.
|
| Fees |
Click
here for current interest rates.
Early withdrawal penalties
apply.
Penalty varies according to term of CD:
less than 6 months = all interest earned
6 months up to 18 months = one month’s interest
18 months and longer = three months of
interest
Contact one of our
Customer Service Representatives for more information
about applicable fees and terms. |
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