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Certificates of Deposit

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A Certificate of Deposit (CD) is an investment opportunity offering greater earnings potential and added security. They are time deposits and generally earn higher interest rates than money market or personal savings accounts. They are an excellent way to put your money to work for you.

How it Works

  1. You choose the amount and time period of your CD. Generally, the greater the amount deposited and the longer the time period, the higher the interest rate will be. The time period can range anywhere from six months up to five years, whichever meets your financial needs. Both the amount deposited and the time period are fixed, meaning, you cannot add or withdraw funds before the CD's maturity date without incurring a penalty, so you will want to carefully consider how much money you can afford to set aside before purchasing a CD.

  2. Your CD starts earning interest on day one. For CDs with a term of 12 months or longer, the interest compounds semi-annually.

  3. When you cash in your CD at its maturity date, you receive the money you originally invested plus the interest it has earned. CDs also have an automatic renewal option.

Get Started

Check out our current interest rates, then call or stop by either of our locations to get started.

Click on the "current interest rates" link above for a complete listing of CD terms, annual percentage yield (APY), and disclosure information including early withdrawal penalty. FDIC insurance up to at least $250,000 per depositor.

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