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Certificates of Deposit
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A fixed-term investment that earns a competitive rate for a fixed period with the option of automatic renewal.
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Features
- Interest
may be added back to the CD, paid by check, or
deposited into your checking account monthly
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Minimum deposit to open: $1,000
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Benefits
- Wide
range of terms available
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Automatic
renewal available
- Jumbo CDs earn a higher rate of interest
- Eligible for up to $250,000
in FDIC insurance coverage
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Can be used
as collateral on a loan
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Guidelines
- Substantial
penalty for early withdrawal
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