Both people and businesses have long used Certificates of Deposit (CD) as a solid way to earn interest on money they don’t need right away. For example, buying a $10,000 CD in December with a 2% annual percentage yield, becomes $10,200 in one year.
While the length of time and how the interest is calculated changes, the same basic principle is the same – setting aside a specific amount of money to earn interest.
Fixed rate CDs have a set interest rate that doesn’t change during the time of your investment, bringing you a stable short-term investment option.
Every type of CD has advantages, that’s why we’re happy to help you figure out which CD is best suited for your business. But you can also use the calculator to get a sense of the current rates and what you can expect to earn.
Unlike the stock market, this investment is insured by the FDIC
It’s a comfort to know what to expect for your earnings
Just like opening any account with us, we’ll make it simple
Fixed or variable rate, short or long-term, we’ll help you find the best CD