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Interest can be compounded or withdrawn.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.
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  for more information about applicable fees and terms.