Certificate of Deposits (CD)
Grow Your Savings with Confidence
A Certificate of Deposit (CD) is a simple, dependable way to put your savings to work. Choose a term that fits your goals, deposit your funds, and earn a competitive, fixed interest rate until your CD reaches maturity.
- Competitive interest rates
- Flexible term options
- Predictable earnings
- FDIC-insured protection
- A smart option for short- or long-term savings goals
Ready to start growing your savings? See current rates HERE
An early withdrawal penalty may apply.
FAQs:
What is the difference between a Certificate of Deposit (CD) and a Savings Account?
A Certificate of Deposit (CD) earns a fixed interest rate for a specific term. In exchange for keeping your money on deposit until maturity, CDs typically offer higher interest rates than traditional savings accounts. Savings accounts provide easier access to your funds but generally earn lower interest.
How does a Certificate of Deposit work?
Choose a term that fits your savings goals, make your opening deposit, and earn a fixed interest rate for the life of the CD. When the term ends, your CD reaches maturity, and you can withdraw your funds, renew the CD, or choose another available term.
What happens if I withdraw my money before the CD matures?
Are my funds protected?
What happens when my CD matures?
When your CD reaches maturity, you’ll have the opportunity to withdraw your funds, renew your CD, or move your money into another account. We’ll provide information about your options before your maturity date.
Can I add more money to my CD after it's opened?
In most cases, no. The opening deposit is generally the amount that remains in the CD for the entire term. If you’d like to invest additional funds, you can open another CD.
Is there a minimum deposit to open a CD?
A minimum opening deposit may be required. Contact us or view our current CD offerings for minimum deposit requirements.
