Certificate Of Deposit

The Savings Institute offers a range of Certificate of Deposit terms, from 91 days up to 7 years, so that you can select the term that is best for you. Our CDs offer guaranteed yields, flexible terms and the safety of FDIC insurance. In fact, with CDARS (Certificate of Deposit Registry Service), customers can access full FDIC insurance coverage on deposits well beyond $250,000 and into the millions. On top of it all, you will find our interest rates extremely competitive with other banks in the area and you can enjoy the convenience of one bank, one rate and one statement.

Certificates of Deposit are time deposit accounts with fixed maturity dates. Interest rates and annual percentage yields earned on the account are determined by the date the account is opened and the term selected. CDs are designed for people who want to maximize the return of their funds without immediate access to the money in the account.

Annual percentage yields assume that principal and interest remain on deposit for a full year at the quoted interest rate. Early withdrawal penalties can apply if any portion of the principal is withdrawn prior to maturity; however, interest earned on the account may be withdrawn at any time without penalty.

*Minimum balance required to open a CD account.

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Learn more about coverages by visiting the FDIC website:
www.fdic.gov