Certificates of Deposit (CDs)
CDs may be going out in the music world, but in our world CDs are still a great way to save. A certificate of deposit — or CD for short — is a guaranteed investment that offers a competitive interest rate, with a variety of fixed terms to suit your needs. You can even earn a higher rate by selecting a longer term. And who knows, in time you may earn enough to replace those other CDs!
Details
- Set aside for future savings goals
- Fixed rates, higher than regular savings
- Receive higher rates by selecting a longer term
- Provides more guarantee than other risky investments
- A wide range of terms available (from 6 months to 3 years)
- No setup or maintenance fees
- Early withdrawals subject to penalty
- FDIC insured
- $1000 minimum deposit to open