A Certificate of Deposit, also known as a CD, is an investment option that allows you to lock in a great rate over a fixed period. You can add funds that you will not need to access for at least six months (there is a penalty for early withdrawal).
When investing your money into a CD, you can choose from one of the following terms:
- 6 months
- 12 months (1 year)
- 24 months (2 years)
- 36 months (3 years)
- 48 months (4 years)
- 60 months (5 years)
You can also choose from a regular certificate of deposit or an IRA certificate, which gives you the added benefit of tax-deferred earnings.
Give us a call today at (636) 464-5037 to learn more or find a Century Credit Union location near you.