CD FAQs

A Certificate of Deposit (CD) allows you to grow your savings at a fixed rate over a set period of time. You choose a term that fits your goals, deposit your funds, and earn predictable returns throughout the life of the CD. It’s a dependable option for those looking to set money aside and benefit from steady growth without market uncertainty.

Both help your savings grow, but in different ways. A CD locks in your funds for a set term with a guaranteed rate, though early withdrawals usually incur a penalty. A Money Market account offers flexible access to your funds anytime, still earning competitive interest. Choose a CD for steady growth or a Money Market for easy access.

CDs are intended to be held for the full term you select. While you can withdraw funds if needed, accessing your money before the maturity date may result in an early withdrawal penalty. Once your CD reaches maturity, you’ll have the option to access your funds.