Certificates of Deposit (CDs) allow you to earn a higher return for your money than regular savings accounts. They are a low-risk investment option because your money is not affected by market fluctuations, as you have a guaranteed interest rate.
- $500 minimum balance
- Terms available from 6 months to 60 months with a guaranteed interest rate
- Interest compounded quarterly
- Interest may be credited to CD, or paid by check or automatic transfer monthly or quarterly