Certificates of Deposits (CDs)
Certificate of Deposit
Certificates of Deposit (CDs) are low risk, interest-bearing accounts. Customers agree to keep money in the CD Account for a specified term. The CD is also formal receipt for money which has been invested into the bank. CDs can be used as collateral against loans, which is great in the event of a personal financial emergency. CDs are a great way to get an excellent rate on a business loan when pledged against the loan. Remember CDs can be issued to individuals or businesses.
A $1000 minimum deposit required. Terms available are from 30 days to 5 years.