CDs help you make the most of idle funds, earning a fixed rate for a set term — up to five years.
- Fixed rates, higher than regular savings
- Receive higher rates by selecting a longer term
- Provides more guarantee than other risky investments
- A wide range of terms available (from 6 months to 5 years)
- No setup or maintenance fees
- Early withdrawals subject to penalty*
- Renews automatically upon maturity after 10-day grace period
- Funds insured up to $250,000 by ASI
- $1,000 minimum deposit to open
*There is a penalty equal to 90 days or 182 days of dividends that is applied when funds are withdrawn prior to maturity. The amount of penalty applies to the length of the certificate.