Certificate of Deposit (CD)
With limited market fluctuation, CDs are a solid tool for creating a secure financial future.
- Flexible terms, from 3 to 60 months
- Minimum deposit of $500 to open
- Periodic earnings statements
- Interest will be compounded and credited to your account quarterly
- If interest is credited to another account or paid by check, this may reduce earnings and may negate the effect of interest compounding.
- Subject to penalty (up to 6 months interest) for early withdrawal, dependent on original term
- Fees may reduce earnings
