Certificates of Deposit
A Certificate of Deposit (also known as CD) is either a short- or medium-term, interest-bearing,
FDIC-insured debt instrument offered by banks and savings and loans.
CDs offer higher rates of return than most comparable investments, in exchange for
tying up invested money for the duration of the certificate's maturity. Money removed
before maturity is subject to a penalty. CDs are low risk, high return investments,
and are also known as "time deposits", because the account holder has
agreed to keep the money in the account for a specified amount of time, anywhere
from six months to two years.
MINIMUM DEPOSIT LOWERED TO $500 !!!!
- 6 month 1.10% APY (Annual Percentage Yield)
- 12 month 1.20% APY
- 18 month 1.20% APY
- 24 month 1.30% APY
(minimum of $500 required)
*rates are subject to change
All accounts are federally insured to $250,000 by NCUA, National Credit Union Administration,
a U.S. Government Agency.