Certificates of Deposit
Which CD is best for you?
All of our CDs come with no monthly fees, automatic renewal, guaranteed rates and FDIC insurance.
Personal CD specials
Get our best rates with our featured CD specials
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Rates and terms vary![]()
Specials may be available for a limited time![]()
Different CD products are featured throughout the year![]()
Minimum opening deposit of $1,000![]()
Fixed rates for the term you choose
Rates and terms varyPersonal CD rates
Make a solid investment with a guaranteed rate of return for up to 5 years
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$1,000 minimum deposit for terms greater than 31 days![]()
$2,500 minimum deposit for terms of 7 to 31 days![]()
Fixed rates for the term you choose![]()
Terms available from 7 days up to 60 months
Can't Lose CD rates
Protect your investment whether rates rise or fall
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Add new funds at your current rate, or lock in at a higher rate with a new CD![]()
Minimum opening deposit of $1,000![]()
Maximum additional deposit of $10,000 after the first 12 months of your term![]()
One penalty-free withdrawal after the first 12 months of your term1![]()
30-month term
Stepped Rate CD rates
Enjoy rising rates in any market with interest rates guaranteed to rise once a year, every year
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Rates and annual percentage yield for all 4 years are disclosed when the account is opened![]()
Minimum opening deposit of $1,000![]()
One additional deposit up to $10,000 per year![]()
Penalty-free withdrawals 24 months after the initial deposit2![]()
48-month term
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How can a CD help me with upcoming expenses?
Learn why CDs are a safe and secure way to save.
A certificate of deposit—or CD—is a safe and secure short-term investment.
You'll see a return on your money without any of the risks involved with long-term investments such as stock, and it's federally insured against loss.
A CD can let you save for expected purchases or emergency needs while earning higher interest than a savings account.
Say you're planning to buy a car, or you need a down payment on a home in 6 months or a year.
Purchase a CD that matures in that time, and you'll have that money plus interest exactly when you need it.
When you buy a CD, you are required to keep that money in your account for the specified period you choose.
That could be anywhere from a few months to five years or more.
The longer the term, the higher the interest you earn.
If you withdraw the money early, you'll have to pay a penalty.
But the funds are liquid. In an emergency, you'll have your cash in hand quickly.
Your interest earnings can be spent right away, but the better option is to reinvest it.
Through compound interest, the CD's value grows faster over time.
Unless you choose to be paid, the interest is rolled over automatically.
We'll be happy to provide more information or answer your questions.
What should I know about investing for retirement?
Perhaps the most difficult part of saving for retirement is understanding how to invest. By learning the basics, like types of investments and how to choose them, you can set yourself up for success.
You’re not just saving, but investing
When you contribute money to a retirement account, like a 401(k) or IRA, you’re investing in assets designed to help your money grow. Because you’re saving for the long haul, the investment options are particularly suited for long-term saving. Investments in your retirement plan often carry some risk, but over time have the potential to be rewarding.
The most popular investment option
The most popular investments available in retirement accounts are stocks, bonds and cash equivalents, and these are most often offered as mutual funds. A mutual fund typically contains lots of underlying investments, like stocks, and combines them into one investment. You and many other investors own shares of the fund, and share in its gains and losses.
Your choice: risk vs. reward
Investments like mutual funds don’t promise a rate of return. Their value is determined by markets and the success and failure of underlying investments. The potential of loss adds a factor of risk to mutual funds.
However, with risk can come reward. Markets and underlying investments have the potential to significantly rise in value, and subsequently reward the value of your account.
Ultimately, how you invest is your choice. You may want to play things conservatively and stick to low-risk investments, or be more aggressive for the chance of greater returns. Many people find that a healthy balance of various investments is the most prudent way to save.
The value of diversification
Because various investments tend to react differently to the same market conditions, it’s wise to keep investments diversified. This simply means spreading your savings out among investments with different risk levels. Putting your money in mutual funds can help with diversification. Spreading your money out further in different types of mutual funds (stocks and bonds) can help even more.
The importance of asset allocation
Asset allocation is how you diversify your investment mix. Properly allocating your retirement assets helps you establish a risk level you’re comfortable with, while potentially minimizing risk and increasing rewards. When choosing an asset allocation, consider the following:
- Your goals – Are you hoping to see large gains in your plan or are you looking to preserve your retirement funds?
- Your time horizon – How long will you invest before you begin taking withdrawals?
- Your risk tolerance – Are you comfortable with investments that may fluctuate in value?
If you aren't sure how to set your allocation, don't worry. There are many tools available that can help you establish an appropriate mix.
Don’t forget fees
Remember that investments have fees, and the most common one is the expense ratio. This is the fee paid to the investment company for managing the fund. Expense ratios vary from low to high, and can impact your returns. When choosing a fund to invest in, consider the expense ratio as part of your decision.
Review your investment mix annually
It's important that you review your investment choices at least annually. You may need to adjust your asset allocation as you get closer to retirement or if you find that your risk tolerance has changed. Your investments can grow at different rates, so you also may need to shift your investments to realign with your original asset allocation strategy.
The bottom line
You don’t have to be an investment expert to experience gains in your retirement assets. By understanding investment types, risk versus reward, diversification and asset allocation, you can now select investments with more confidence.
What will it take to become a millionaire?
Learn how much to invest each month to reach $1 million.
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