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Certificates of Deposit (CDs)

Save with certainty. Save with confidence.

A certificate of deposit allows you to guarantee savings growth by locking up your funds for a designated time period at a competitive interest rate.
Think of a CD as a savings account with a time limit. During that time, your funds are locked in an account that accrues higher interest than a typical savings account. This is beneficial for many reasons - a lower-risk than other types of investments, guaranteed growth, and daily accrual.
Save with certainty. Save with confidence.

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Why a Certificate of Deposit?

Competitive Rates

Flexible Terms

Guaranteed Earnings

Low Risk Growth

Benefits of Certificates of Deposit (CDs)

  • Meet your future savings goals with certainty
  • Competitive, fixed rate for length of term
  • Greater earnings than a regular savings account1
  • Interest accrues daily2
  • No setup or maintenance fees
  • Automatic renewal at maturity3
  • Early withdrawals subject to penalty
  • Federally insured by the FDIC up to $250,000
  • Available to individuals, businesses, and trusts4
  • A wide range of terms available (6 months to 5 years)
  • Provides more guarantee than other, more risky investments
  • Receive higher rates by selecting a longer term, or one of our specials

1 Fees may reduce earnings 2 For CDs of at least 12 months, interest may be added back to principal every three months or deposited into another account 3 You have 10 days after maturity to change the terms of a CD or withdraw funds without penalty 4 All time deposit products offered online by CFSB, including certificates of deposit and individual retirement accounts, are offered to individual consumers or trusts only. Deposit placement for brokers, wholesale deposit dealers, or other financial institutions is not permitted at this time.

*APY = Annual Percentage Yield. For the 7 and 13 month CD Specials, the minimum amount to open the account and obtain the Annual Percentage Yield is $1,000. APY is accurate as of March 1, 2024. A penalty will be imposed for early withdrawal. Account fees may reduce earnings

CD Specials: 11-Month, 5.07% APY | 17-Month, 4.77% APY
Current CD Specials:

11-Month, 5.07% APY | 17-Month, 4.77% APY

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