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Certificate of Deposit
Lock in our highest rates that range from 4.15% APY to 4.70% APY when opening a CD Special.
Rates vary by term and location. Check yours below before applying.
See your CD rates.
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. We’ll use this to give you rate information based on where you live.
How much can you earn?
Choose a CD, opening deposit and term length.3 4 5 We’ll calculate your CD earnings. The Annual Percentage Yield2 (APY) is effective currentdate for ZIP code currentZipCode. (Edit ZIP code)
What is a certificate of deposit?
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.3 You’ll incur a penalty if you withdraw your funds before the term is done.
How do CDs work?
The total amount of interest you earn on a CD is determined by the term length1 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. CD accounts are FDIC insured.4
What is APY?
Annual Percentage Yield2, 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.
Want to open a joint CD account?
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.
| Terms in months | APY |
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Learn more about personal finance.
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.
CDs: How they work to grow your money
Learn how this savings tool works and when it could work well for you.
Three tips for saving money easily
Make building wealth a part of your regular routine. Check out these three tips.
Saving vs. investing: What’s the difference?
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?