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Personal Investments

Posted By admin On October 19, 2010 @ 6:54 pm In | No Comments

Certificates of Deposit (CD)

A CD is an insured product with higher yields than a savings account. CD Terms can range from 7 days to 6 years. Rates are determined by term. It is best suited for consumers who want to invest funds in a safe and insured account while still getting a guaranteed return on that investment.

Interest can be compounded or withdrawn. A $1,000 minimum balance is required for all terms.

Click here for current interest rates. [1]

Early withdrawal penalties apply. Penalty varies according to term of CD:

  • less than 6 months = 14 days of interest
  • 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 [2] for more information about applicable fees and terms.

Article printed from State Bank and Trust Company: http://www.sbtcajun.com

URL to article: http://www.sbtcajun.com/personal-banking/personal-investments/

URLs in this post:

[1] Click here for current interest rates.: http://www.sbtcajun.com/?page_id=86

[2] Contact one of our Customer Service Representatives: http://www.sbtcajun.com/?page_id=60

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