Certificate of Deposit

Certificate of Deposit (CD)

CDís are time deposit accounts that have a set period of investment and a return depending on the rate at the time the initial deposit is made.

  • A choice of maturity terms generally ranging from 6 to 60 months
  • Competitive interest rates
  • Interest is compounded quarterly
  • Automatically renewed at current rates upon maturity to insure there is no loss of earnings
  • FDIC insured
  • $2000 minimum to open the account

Certificates carry penalties for early withdrawals.

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