Certificate of Deposit (CD)
A predictable way to earn interest over time
A Certificate of Deposit is designed for setting money aside for a fixed period of time in exchange for a guaranteed rate. It works well when you do not need immediate access to your funds.
A CD may be worth considering if you
- Have savings you do not need right away
- Want a guaranteed interest rate
- Prefer a predictable return over flexibility
- Are saving for a future goal with a clear timeline
What to know before opening
- Fixed interest rates for the full term
- Funds are committed for a set period of time
- Early withdrawals will result in penalties
- CDs are opened with banker assistance
Questions about CDs?
A short conversation can help you understand how a CD fits into your overall financial picture
