Certificates of Deposit (CDs) are a well-established, safe method of receiving a higher rate of interest on money you do not need in the near future.

  • Minimum amount to open: $500
  • Term options: 91 days to 60 months
  • Interest compounded and paid monthly, quarterly, semiannually or annually
  • Early withdrawal penalty: terms of six months or less—31 days' interest; terms greater than six months but less than one year—91 days' interest; terms of one year or greater—182 days' interest
  • Free Online Banking and Mobile Banking
  • FDIC Insured