Personal Banking

A Certificate of Deposit is a low-risk, short-term investment vehicle that lets you save for a specific time period from thirty-two days to five years. You’ll receive stable, secure returns on your money with FDIC insurance. When you invest in a CD, you’ll know exactly how much money will be earned and when you can withdraw it without penalty. The taxable interest earned will generally be higher than that of a normal savings account. However, there is a substantial penalty for early withdrawal.