CDs are predictable savings vehicles that eliminate the instability of a fluctuating market, typically offering higher rates than a regular savings account as interest rates are tied to the duration of the investment.
A choice of terms and competitive rates- CDs can be issued for business use, personal use, or trust with a beneficiary designation option.
CD Terms and Minimum Balance Requirements
(one PENALTY-FREE withdrawal after 7 days permitted)
$100,000 minimum balance requirement
A penalty may be assessed if a certificate of deposit is closed prior to maturity.