Already bank with us? Log in to view your personalized rates and apply faster.
Enter your ZIP code to explore CD rates in your area.
Opening an account online is easy. Start by getting rates based on your ZIP code, then select your terms and rates to see how to build your savings.
3 great reasons why you should open a CD account
More for your money
CDs offer our most competitive, promotional rates - and great returns.
Choose the term length that works best for you. The rate is guaranteed for the full length of whatever term you choose.
Get the flexibility you need to customize your savings and take advantage of guaranteed returns.
Whether you need answers to common questions about CDs or want to brush up on your financial knowledge as a whole, our Financial IQ provides an abundance of information, including the following three articles.
Learn how this savings tool works and when it could work well for you.
Make building wealth a part of your regular routine. Check out these three tips.
You know that putting money aside for the future is important. But do you know the best strategies to tackle both saving and investing in the years ahead?
Frequently asked questions
A certificate of deposit (CD) is an account that offers you a higher interest rate than a traditional savings account in exchange for leaving your money untouched for an agreed upon time. That time period is known as the term length.4 You'll incur a penalty if you withdraw your funds before the term is done.
The total amount of interest you earn on a CD is determined by the term length 4 and your initial deposit. Typically, the longer your term length and the greater your deposit, the higher the interest you’ll earn. Different CD products offer you different term length options and require different initial deposits. Get the added protection of the Federal Deposit Insurance Corporation (FDIC). Your CD account is FDIC-insured up to $250,000.1
Annual Percentage Yield 5, or APY, is the total interest earned over the course of the year. This is different from the interest rate as it includes compounding interest.
As you accumulate interest on your initial deposit, your account balance grows. APY includes not only the interest on your initial deposit but also the interest on the growth in your balance, i.e. the interest on the interest you've accumulated.
When you open your account, and you're approved, you can invite another person to be a joint account holder. They can then apply online and add themselves to your CD account.