Stable, secure, and insured by the Federal Deposit Insurance Corporation (FDIC), a Certificate of Deposit (CD) provides a reliable and consistent way to grow your business savings.
How do you know when to choose a CD? This is usually a great fit when you’ve got savings to put aside without any engagement at all until the term fully comes to an end. Otherwise, you’ll face certain penalties that can cut into your overall earned interest.
(Feel like you might periodically need to dip into your savings account, but still looking for the high-yield payout on a lump sum? You might want to check out our more transactional Money Market Accounts.)
Our CDs range in length from 30 days to 7 years—but no matter which plan you choose, the rate that you lock in won’t fluctuate during the course of your investment. That means you’ll always see a predictable yield, which is one of the top reasons that our clients choose CDs.