Certificates of Deposit

If you're saving for the future, here’s an opportunity to make it a little brighter.

What Is a Certificate Of Deposit?

A CD is a safe and predictable way to save money. The money you deposit into a CD is FDIC-insured, meaning it’s protected by the U.S. government up to the maximum amount allowed by law. CDs are offered in terms and require that you leave your money in the account until the term ends, also known as the maturity date. Essentially, your money is committed to the CD for a certain amount of time, but it’s also guaranteed to grow at a fixed rate for the length of the term.

Certificates of Deposit

Term Interest Rate APY1 To Apply
32-Day CD 0.75% 0.75%
3-Month CD 5.22% 5.35%
6-Month CD 5.08% 5.20%
9-Month CD Special2 4.90% 5.01%
1-Year CD 1.00% 1.00%
2-Year CD 1.045% 1.05%
3-Year CD 1.24% 1.25%
4-Year CD 1.34% 1.35%
5-Year CD 1.44% 1.45%

CD rates are not available for IRAs. Please visit your local branch for rate details on IRA CDs.

 

Disclosures

Rates are effective as of February 21, 2024.

  1. The Interest Rate and Annual Percentage Yield (APY) are as of the Effective Date and are subject to change without notice. The stated yield for CDs less than one year assumes the reinvestment of principal and interest at the same rate, although that rate may not be available upon renewal. Fees and other conditions could reduce earnings. CDs are subject to a penalty for early withdrawal. Minimum to open a CD is $500 and the minimum required to earn APY is $500. Subject to 1099 reporting. 
  2. Promotional rate is for consumer accounts only; not available for IRA CDs. After maturity, your certificate will automatically renew to a 6-Month CD and you will earn the offered rate of interest in effect at that time.

If the account owner is under the age of 16, the account must be a joint with a parent or guardian.

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