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Certificates of Deposit

A Community Bank Certificate of Deposit (CD) is a secure way to invest cash on hand. Your investment earns a predetermined interest rate upon maturity. CDs are insured by the FDIC up to $250,000.

Certificate of Deposit Account Registry Service or CDARS is similar to a CD, but through the Promontory Interfinancial Network, you can invest larger sums of money and receive FDIC protection on amounts up to and even beyond $50 million. This is made possible by breaking up your investment across CDs in multiple banks inside the network. You get the convenience of a single CD, interest rate and statement, but you benefit from the protection of multiple CDs.

  • Minimum investments as low as $500
  • Term lengths from two months to five years