CDs take the guesswork out of investing. Set aside cash for a predetermined amount of time, then watch it earn competitive, fixed interest until maturity.
Unlike with stocks, there’s no need to worry about CDs losing value. As long as you don’t withdraw funds before the term ends, your investment will grow penalty-free at the agreed upon rate.
*Early withdrawals may result in 1% penalty for terms less than one year; a 2% penalty for terms 12-36 months; and a 3% penalty for terms 36 months and over. These percentages are based on principal balance at time of withdrawal.
Withdrawal limitations may apply to all savings accounts.