Certificate of Deposit (CD)
A Certificate of Deposit is a timed deposit. Maturity dates on CDs range from 3 to 84 months. CDs have higher yield of interest than checking and savings. Interest on Certificates of Deposit is compounded monthly or you may choose to deposit into a checking or savings account. A minimum of $1,000 is required to open a Certificate of Deposit.
*Rate effective as of August 14, 2014