CD’s offer higher rates and compounding benefits when compared to other savings options.
Variable terms and lengths are available and membership status can offer additional benefits for risk-free accounts that are insured.
Things to Consider:
- Minimum of $500 to open
- Terms from three months to five years
- Add-on options available
- Borrow up to $500, depending on membership status
- Larger principals are eligible for higher rates
- Longer terms also carry a better return