CDs
A CD (Certificate of Deposit) is an account that typically offers a higher interest rate than a savings or checking account. However, the money must remain in the CD for a predetermined length of time, known as the CD’s term. Withdrawing the money before the end of the term will incur penalties. CD terms are from 6-60 months. Longer terms generally have higher interest rates.
| Product | Dividend/Interest Rate | APY* | Term |
|---|---|---|---|
| 6-Month Certificate | 4.41 | 4.50 | 6 Months |
| 12-Month Certificate | 4.41 | 4.50 | 12 Months |
| 18-Month Certificate | 4.17 | 4.25 | 18 Months |
| 24 Month Certificate | 3.93 | 4.00 | 24 Months |
| 36-Month Certificate | 3.93 | 4.00 | 36 Months |
| 48-Month Certificate | 3.93 | 4.00 | 48 Months |
| 60-Month Certificate | 3.93 | 4.00 | 60 Months |