A savings solution in which you deposit money for a chosen length of time and rate. Great if you want a guaranteed rate of return on your investment. Interest is compounded and credited quarterly for investment terms of 12 months or longer. Shorter terms pay at maturity.
Certificate of Deposit Rates
|Term||Minimum Opening Balance||Annual Percentage Yield||Open Now|
What You Need to Know
A fixed rate of interest is earned on the entire balance.
A minimum opening balance of $500 is required to obtain the disclosed annual percentage yield.1
There are penalties for withdrawing funds before the set term. The amount depends on the length of the account term.2
- 7 - 91 Days: 60 days loss of interest
- 92 - 182 Days: 182 days loss of interest
- 183 - <60 Months: 1 year loss of interest
- 60 Months: 2 years loss of interest
This account can be used to invest your IRA or ESA.