Certificates of Deposit (CDs)

There aren’t many guarantees in life, but this is one of them — earn interest at a fixed rate for the term you choose.

Key Features

Benefits

Fixed rates, higher than standard savings
Receive higher rates by selecting a longer term
Provides more guarantee than risky investments
Set aside for future savings goals
A wide range of terms available (from 91 days to 48 months)
No setup or maintenance fees
Substantial penalty for early withdrawal on all CDs
Interest may be compounded to the account monthly — or credited and mailed monthly (if account balance is $10,000 or over), quarterly, semi-annually, or annually
Interest may be mailed at maturity or added to the CD balance for another term
$1,000 minimum deposit to open (for 12 months to 48 months)
$2,500 minimum deposit to open (for 91 days to 182 days)