Certificates of Deposit (CDs)

CDs offer a higher, fixed interest rate than most savings accounts. They are a good option if you don't need immediate access to your funds and want a guaranteed return. You choose the term, and your money is FDIC insured up to $250,000.

Summary

• Better returns than most savings accounts
• Competitive fixed rates
• Various terms to choose from
• Interest compounded daily
• Interest payments made according to request
• Penalty for early withdrawal
• $500 minimum deposit to open
• FDIC insured