Certificate of Deposit
For longer term investments with higher yields, open a Certificate of Deposit. You may purchase a Certificate of Deposit for as little as $500 for a specific period of time. Rates vary according to the term selected, and you choose when interest is paid: Monthly, quarterly, semi-annually or at maturity. Certificates of Deposit are subject to a penalty for early withdrawal.
- Terms range from three (3) months to sixty (60) months
- Competitive interest rates
- Automatic certificate renewal
- Certificates may be used as collateral on loans
- Interest may be reinvested, deposited to another account, or paid by check
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