Certificates of Deposit (CDs)
Open a CD for as little as $500 and get a locked interest rate well above savings rates. The funds are federally insured.
- 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
Large-deposit investors can utilize CDARS through First National Bank to maintain full FDIC insurance on CD investments well above the $250,000 limit.