Personal Banking

Certificate of Deposit CD Overview

CD (certificate of deposit) is an FDIC insured investment. CDs are similar to savings account in that they are insured and thus virtually risk-free; they are "money in the bank." The main difference is that a savings account allows you to make withdrawals from your account, while with a CD you receive the higher interest rate simply for keeping your money in the bank.

Certificates of Deposits

  • Minimum opening balance $1,000.00
  • Various terms available
  • Higher interest rate than regular savings account
  • May automatically renew or cash in during 10-day grace period.
  • Interest earned may be paid in various ways
  • A penalty may be imposed for early withdrawal
  • Fees may reduce earnings on the account
  • Investment is FDIC insured
  • Get Certificate of Deposit Interest Rates

More than a savings but safer than the market.