Certificate of Deposits (CDs)

Amounts vary based on the CD term. See Rates and Terms.

You can withdraw from your Certificate of Deposit upon its maturity. When a CD reaches its maturity date, you have a grace period – typically between seven to ten days – during which you can choose to withdraw your funds without penalty, renew the CD or modify its terms.

The maturity date depends on the term length that you chose at the time of purchasing the CD. When you invest in a CD, you agree to leave your money in the bank for a specific period, which could range from a few months to several years.

If funds are removed during the predetermined period of time, there may be a penalty or fees assessed.

The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects bank depositors against the loss of their insured deposits in the event that an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

FDIC deposit insurance protects bank customers in the event that an FDIC-insured depository institution fails. Bank customers don’t need to purchase deposit insurance; it is automatic for any deposit account opened at an FDIC-insured bank. Deposits are insured up to at least $250,000 per depositor, per FDIC-insured bank, per ownership category. You may have more coverage based on your account titling and beneficiaries. Visit FDIC: Electronic Deposit Insurance Estimator (EDIE) to calculate the insurance coverage of your deposit accounts.