CDs, IRAs & HSAs

Certificate of Deposit

A Certificate of Deposit or CD is a time deposit. CDs are similar to savings accounts in that they are insured and offer the safety of an FDIC insured investment up to the allowable deposit balances. CD accounts are recommended for customers who do not need to have immediate access to their funds.

Fixed Rate CDs are different from savings accounts in that the CD has a specific, fixed term (ranging from 3 months to 5 years), and a fixed interest rate. It is intended that the CD be held until maturity. In exchange for keeping the money on deposit for the agreed-upon term, CDs usually receive a higher interest rate than a savings account. 

Please refer to the Interest Rate Sheet for current rates