Certificates of Deposit (CDs)
Wall Street sure is a far way from the Piney Hills. Figuratively as well as literally. Thankfully, you can give your wealth strategy a boost with a guaranteed return on investment from your local First National Bank.
Open a CD for as little as $500 and get a locked interest rate well above savings rates. The funds are federally insured. So no matter what the mood is on the stock exchange, your CDs will still be sitting pretty here with us.
- Summary
- Greater interest than savings
- Interest rate locked for term
- Terms available from 3 months to 5 years
- Interest penalty for early withdrawal
- $500 minimum deposit to open
- Deposit additional funds at renewal
- Automatically roll over after term if desired
- FDIC insured
Large-deposit investors can utilize CDARS through First National Bank to maintain full FDIC insurance on CD investments well above the $250,000 limit.
