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.
|7 - 91 days||60 days loss of interest|
|92 - 182 days||182 days loss of interest|
|183 days - <60 Months.||1 year loss of interest|
|60 Months||2 years loss of interest|
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
This account can be used to invest your IRA or ESA.
An individual retirement account (IRA) can offer tax-deferred growth and even tax savings when used under qualifying circumstances.
You can invest your IRA in a Certificate of Deposit. Choose from Traditional, Roth, and SEP IRA plans for your personal retirement. Or choose a Coverdell education savings account (ESA) to help cover the costs of a child’s higher education.
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1 A penalty may be imposed for early withdrawal. The Annual Percentage Yield (APY) shown is accurate as of Apr 28, 2017. CD rates are subject to change at any time and are not guaranteed until CD is opened. Fees charged to the account could reduce earnings on the account.
2 Penalty amounts apply to all new CDs/IRAs opened or renewed after September 2015.
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