A Certificate of Deposit (CD) offers you greater earning potential, plus added security. CDs are a guaranteed investment and growing source of interest that you can easily convert into cash upon maturity of the CD. Plus, CD's offer higher interest rates than regular savings or checking accounts.
Here’s how it works:
- Purchase a CD with a fixed sum of money for a fixed period of time - this can range anywhere from six months up to five years, depending on your future needs.
- Your CD earns interest based on current rates.
- When you cash in your CD at its maturity date, you receive the money you originally invested plus the compounded interest.
- CD's with a term of 12 months or longer can be paired with a United Yield Savings account.
Stop by either location today to open a CD.